Ellen Suspends Payments, Incentives to Board of Directors, MDs, Deputies

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President Sirleaf said he executive order is based on the current financial and economic situation in the country

President Ellen Johnson Sirleaf has suspended with immediate effect the payments of bonuses, severance allowances, and incentives to members of the Board of Directors, Managing Directors, Deputy Managing Directors, and all other officials of similar standing in the employ of State-Owned Enterprises (SOEs), Commissions, and other Autonomous Agencies of the Liberian Government.

Issuing the Executive Order yesterday, December 28, President Sirleaf said it is based on the current financial and economic situation in the country.

According to the Order released by the Executive Mansion: “Additionally, all expenditures, save for salaries and allowances, for the daily operations of all Government Ministries and the above mentioned institutions in the amount of US$10,000 and above must be approved by the office of the President.”

The standing Executive Order added: “Accordingly, all Ministers, Heads of SOEs, Commissions, and Autonomous Agencies of GOL are hereby advised to take due cognizance and give effect to this directive.”

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2 COMMENTS

  1. Hmmm…what a legacy to leave behind: a ruined economy where our people cannot withdraw their deposits from banks; skyrocketing exchange rate depreciating Liberian dollar against the US dollar; unprecedented unemployment level, especially among the teeming youth; very messy educational system; nepotism; deeply divided country politically; a corrupted electoral process; and a very uncertain leadership situation. What a legacy indeed.

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