Liberia's President Boakai takes 40 percent pay cut

Liberia's President Joseph Boakai. PHOTO | COURTESY

What you need to know:

  • Boakai was sworn in for a six-year term in January and has pledged to improve living conditions for Liberians, tackle widespread corruption and uphold the rule of law.

Monrovia. Liberia's President Joseph Boakai will cut his salary by 40 percent, a move he says is aimed at "setting a precedent for responsible governance" in the West African country battling poverty and corruption.

Boakai was sworn in for a six-year term in January and has pledged to improve living conditions for Liberians, tackle widespread corruption and uphold the rule of law.

The president's voluntary pay cut reflects a "determination to lead by example in strengthening government accountability and demonstrating solidarity with the people of the nation", a statement from the presidency said.

Liberia is one of the poorest countries in the world, where more than half of the population lives in poverty, according to a 2023 World Bank report.

The country also ranks 145th out of 180 on Transparency International's 2023 Corruption Perceptions Index.

Boakai previously earned a gross annual salary of $13,400, according to a declaration of his assets dated from February. The pay cut means he will now make around $8,040.

The assets declaration, which he published in June as a transparency measure, did not specify any allowances on top of his salary. It put his net worth at $970,419, mainly in property.

The pay cut "is aimed at setting a precedent for responsible governance and nation-building," the presidency's statement said.

In 2018, former president George Weah announced a 25 percent reduction in his salary in light of the country's struggling economy.  

Weah's critics accused his government of corruption and him of failing to keep a promise to improve the lives of the poorest.