A senior members of the ruling Coalition of Democratic Change (CDC) Representative Acarous Gray has accused three officials of the ruling party, including the Minister of Finance, Planning and Development, Samuel Tweah, Minister of State for Presidential Affairs; Nathaniel F. McGill and the Managing Director of the National Port Authority (NPA), Bill Twehway as officials in the CDC led government practicing what he called nepotism.
He accused them of employing unqualified members of their families in positions in government and intentionally leaving out qualified Liberians who are supposed to fill such positions and lacked the capacity to solicit international assistance badly needed to relieve Liberians of the harsh prevailing economic conditions.
The Montserrado County District 8 Representative spoke on a local radio station, Spoon FM, in an apparent warning to President George Weah for urgent action to address the deteriorating economic conditions.
Representative Gray said the Finance Minister’s inability to reach out and seek external help from economic experts has created serious problems for the economy and the Weah led administration.
Last December, a report by US Officials confirmed the acute shortage of cash in banks in Liberia and long queue of angry depositors hopelessly demanding to withdraw from their accounts.
The Liberian Government’s inability to settle billions in debt owed businesses has worsened the economic conditions, forcing several businesses to scale down or relocate to neighboring West African countries.
COVID-19 has also devastated the country’s economy, with Liberian Government authorities only hope is to print additional billions of Liberian banknotes to infuse in the economy.
Although economic experts have warned of the negative consequences, Liberian officials insist it’s the only remedy to addressing the shortage of cash at local banks and ATM Machines in Monrovia.
In the last two years of Weah’s administration, the economy has taken a nosedive, with public officials shifting blame for the poor performance of the economy.
Unemployment especially among the youths has exceeded the 85 percent mark, previously reported due to the economic downturn caused by bad economic policies of the Weah’s administration, a private foreign business official said.