President Joseph Nyuma Boakai, on Saturday, voluntarily slashed his salary by 40 per cent.

Mr Boakai, who was quoted in a statement published on Liberia’s government website on Saturday, said this move was “aimed at setting a precedent for responsible governance and nation-building.”

“In fulfilment of his commitment to fiscal integrity and national financial security, President Joseph Nyuma Boakai, Sr. has announced a voluntary 40 per cent reduction in his salary,” the statement added.

According to Mr Boakai, the announcement reflects his determination to lead by example in strengthening government accountability and demonstrating solidarity with the people of the nation.

In February, Mr Boakai disclosed that his annual salary was $13,400. His opting for a 40 per cent pay cut will see the president’s annual salary reduced to $8,000. 

This followed Mr Boakai’s public declaration of assets last month.

The Liberian leader said his action is in fulfilment of his commitment to upholding the constitution and laws of Liberia, in addition to his dedication to fostering a culture of accountability, integrity, and good governance.

Mr Boakai’s move mirrors that of his predecessor, George Weah, who had previously implemented a 25 per cent salary cut during his tenure.