Liberian president fires central bank leadership and board

The Central Bank of Liberia
The Central Bank of Liberia
Jefferson Krua / Wikimedia

The Central Bank of Liberia’s governor is stepping down, one of its deputy governors has resigned, and the central bank board has been dissolved by the government, after the country’s president accused the institution of major failings.

The CBL has been the subject of extraordinary political, judicial and legal pressure over allegations by Liberian president George Weah that it has misused funds. This week, the president announced another criminal investigation into the bank was under way.

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