President Joseph Nyuma Boakai has put the management of the country’s economy in the hands of officials hailing from his native Lofa county.
Along with the President, the five men ( Commerce Minister Amin Modad, Central Bank Governor Henry Saamoi, Liberia Revenue Authority Commissioner General Dorbor Jallah, Senior Economic Advisor Sahr Johnny will sit on the Economic Management Team.
The number could be bolstered further with the potential appointment of former Foreign Minister Augustine Kpehe Ngafuan as Minister of Finance and Development Planning.
Jeff Blibo, the Chair of the National Investment Commission will be the only non-Lofa language speaking person on the EMT.
On August 1, President Boakai reactivated the Economic Management Team to tackle economic uncertainties, coordinate fiscal and monetary policy, accelerate economic reforms, strengthen regulations and build resilient economy.
The Team is expected to also ensure the strengthening of existing regulations as well as improve oversight functions of Ministries, Agencies and Commissions.
The Team will also serve as a think tank on economic matters, proffer solutions that would tackle economic uncertainties, especially immediate policy interventions and improve the implementation of the Public Financial Management (PFM) law in ensuring transparency and accountability for the attainment of the ARREST Agenda for Inclusive Growth.
The Economic Management Team (EMT) will be chaired by the President. Members are as follows:
- Minister of Finance and Development Planning, Co-Chair
- Executive Governor of the Central Bank of Liberia, Member
- Commissioner General of the Liberia Revenue Authority, Member
- Minister of Commerce and Industry, Member and
- Chairman of National Investment Commission, Member
- The Economic Advisers to the President, Members
