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President Sirleaf Suspends Payments, Incentives to Board of Directors, Managing Directors

President Sirleaf Suspends Payments, Incentives to Board of Directors, Managing Directors

Monrovia - President Ellen Johnson Sirleaf has: “Given the current financial and economic situation of the Country, all payments of bonuses, severance allowance, 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 the State-Owned Enterprises (SoEs), Commissions, and other Autonomous Agencies of the Government of Liberia (GoL), are hereby suspended with immediate effect”.

According to an Executive mansion release: “Additionally, all expenditures, save for salaries and allowances, for the daily operations of all Government Ministries and the above mentioned institutions, in the amount (US$10,000) and above must be approved by the Office of the President”.

The Standing executive Oder furthered: “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”.

“Dated on the 20th day of December 2017 in the City of Monrovia, Republic of Liberia” – the Standing Executive Order signed by President Sirleaf concluded.

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