‘Samuel Tweah Is A Liar’

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Amara Konneh (left) said that Finance Minister Samuel Tweah (right) claims that he was unable to pay salaries, despite “record-setting revenue generation,” which he said is contradictory and shows his lack of respect for civil servants and the Liberian people's intelligence.

— Says former Finance Minister Amara Konneh

Former Finance and Development Planning Minister (MFDP), Amara M. Konneh has branded his successor, Mr. Samuel D. Tweah, Jr., as a liar for claiming that the Weah-led government has raised more domestic revenues and put in place the strongest fiscal tightening (savings) in the history of the nation.

“Lies and deceptions lead the people to a rathole. People are generally forgiving when you’re honest with them. Democracy isn’t just about elections,” he said.

The former finance minister further said that the MFDP under Mr. Tweah has borrowed about US$8.3 Million from the CBL since 2018.

Konneh, who is the Manager of the World Bank Group’s Global Fragility, Conflict and Violence (FCV) Hub in Nairobi, Kenya, further said that Mr. Tweah claims that he was unable to pay salaries, despite “record-setting revenue generation,” which he said is contradictory and shows his lack of respect for civil servants and the Liberian people’s intelligence.

Konneh on his social media post said strong economic performance drives revenue growth, noting that the Sirleaf administration delivered both consistently, even under fiscal constraints for Heavily Indebted Poor Countries (HIPC) debt relief process.

He said over the 15 budget cycles from 2006 to 2020, “FY12/13 was our peak period for domestic intake. We raised US$509.0 million, with a GDP growth rate of about 8 per cent.”

Konneh said as a result of revenue growth and sound fiscal management, despite all constraints, they were able to increase and pay salaries on time, every time, and early for holidays.

Speaking on public debt, the former Finance Minister said government borrowing from external partners and local financial institutions is a blatant lie, which Mr. Tweah claims the Weah-led GOL has never borrowed from the Central Bank of Liberia (CBL).

Contrary to Mr. Tweah’s and his followers’ persistent claims, “the data we’ve shared with you shows that the Weah administration inherited a relatively stable macroeconomic environment and a tight monetary policy stance.”

According to him, it is the ill-advised decisions, actions and inactions during the first year of the regime that erased all of the gains as highlighted in one of the objectives of the Government’s new IMF program, “… to restore macroeconomic stability”. You cannot restore what did not exist before. We are all glad now to see that they’re attempting to focus now more on work than politics.”

“I know some will ask, “But where did all the money you raised go? How did it benefit the Liberian people?” We will answer that question this weekend: generated between 2012 and 2015 when I was minister of finance went. Finally, my decision to use my holiday break and night hours to present facts to Liberians about the governance of their country isn’t about arrogance or to show off what we know. Neither is it about beef with our Minister of Finance. It is about truth-telling and transparency which are bedrocks of democracy and governance,” he said.

However, Minister Tweah, who appeared on the 50-50 talk show on Sky FM on Wednesday, January 6, 2021, told Liberians that the economy is rebounding, which most critics do not want to hear.

“The hope is that the economy is rebounding after some very difficult period.

“It is good for the Liberian people to know where their country is going and it is their right to complain when things are tough, prices are high, when they go to the bank they don’t get money.”

Providing basic economic facts on yesterday, Minister Tweah said doing 2014 to 2018, net revenue grew by  -0.65%; 2018 to 2020, net revenue grew by 2.74%. 

He said, “So from 2014 to 2020 net Revenue grew by 2.15 per cent. Of the total net revenue for the last six years, the past regime contributed 0.65% while this regime has contributed 2.09%.  Meaning this regime performed better in domestic revenue mobilization in the last two years than the past regime in four years! Imagine even in the heat of COVID, this government raised over 470m domestically- the highest net revenue in the last 6years.”

 

He said pessimists have programmed themselves to only accept the negatives about President Weah led government and Liberia at large.

Minister Tweh said during the outbreak of the Ebola virus in 2014 which left the country’s economy shattered, the global Covid-19 pandemic has also created serious economic problems for Liberia.

He said despite such challenge, the country is again on the path of recovery; evident of the latest International Monetary Fund growth projection report on Liberia. 

The Country’s fiscal manager calls on Liberians to exercise maximum restrains as efforts are being made to resuscitate the country’s economy.

Minister Tweah also told Liberians that government will endeavour to restore trust and confidence in the Banking sector as well as under obligation to improve the living conditions of the Liberian people by addressing challenges undermining their progress.

He made specific reference to the current shortage of Liberian dollars at the various commercial Banks across the Country.

Minister Tweah attributed the shortage of Liberian dollars at the various commercial Banks to lack of trust in the banking sector.

The Finance Minister noted that 80 per cent of Liberian Dollars is outside of the banking sector, thereby undermining the capacity of commercial banks to meet the growing demands of the public.

6 COMMENTS

  1. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !
    The overzealous Finance Minister Samuel Tweah has done it again with his , It wasn’t me.

    That was went the overzealous one was being put under pressure to explain his dismal performance as the nation’s top economic regime manager .

    Claiming that it was all because ” pessimists have programmed themselves to only accept the negative about President Weah led government and Liberia at large”.

    Are you now politicking ? It wasn’t me.

    Now, how can you grade your performance in the last two and the half years ?

    Well, ” This regime performed better in domestic revenue mobilization in the last two years than the past regime in four years ” ! “Imagine even in the heat of COVID-19, this government raised over 470 million domestically( note 470 million US or 470 million Liberians dollars as the) – highest net revenue in the last six years “.

    He did not say whether 470 US or 470 LD, but with all that revenues, the regime borrowed 50 million US dollars for the same COVID-19 ?

    It wasn’t me. Ok ?

    How can you described the feelings or economic sentiment of the Liberian people ?

    Well, ” It is good for Liberian people to know where their country is going and it is their right to complain when things are tough, prices are high, when they go to the bank they do not get money”.

    But as the nation’s top regime economic manager, do you considered yourself some how responsible ?

    Well, it wasn’t me.

    So how is the out look of the Liberian economy going into 2021 looks like ?

    Well, ” The hope is the economy is rebounding after some very difficult period “.

    ” The hope” ? Based on what ? Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ! No statistical evidence from the people at the IMF ? But the feelings in Monrovia the economy is rebounding?
    Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !
    He is a great guy. That explains why George loves him very much. He is a great guy and the nation’s best . There’s no one like him.
    Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha-ha ha ha ha ha ha ha !
    What A God Forsaken Regime On The Necks Of Its Citizens ? What A God Forsaken Regime ? Remixed interview. Ha ha ha ha ha ha ha ha ha !

  2. And you know, brother James Davis, they are not even embarrassed or ashamed to stand in front of educated people to spew blatant LIES!
    How can you boast of a better economy if for 16 months now some families are hungry without their salaries to provide for their families?
    What economic projections or investments are you making or undertaking to assure Liberians of economic recovery?

    Some of you will burn in hell for inflicting untold sufferings on some poor and powerless families one day!

    • Samuel Tweah says the shortage of LD is because 80% of LD is outside the banking system. McGill on the other hand says the shortage of LD is because of mutilated bank notes and the solution is to print more money. So who’s telling the truth? I suspect Tweah is right and McGill is a liar or he’s ignorant. The best way to solve this problem is to change the currency, not print more currency. If you change the currency like India did, it will force people to bring in their LD to exchange for new currency. They should go to India and study how it was done.

  3. I think, the former Finance Minister Amara Konneh should be ashamed of himself. He served in said position and didn’t do any good in this country. Every year there was budget shortfall. The guy is morally bankrupt!

    • Amara Konneh should be ashamed agreed, but He could pay public servants on time and there was enough money in the bans for liquidity. Now we have the best Liberia financial guru of all time with budget surplus, but cannot pay public servants and there no money in the banks for liquidity. What an economist!!!!

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