Monrovia, May 20 -- The Ministry of Finance and Development Planning, Liberia Revenue Authority, and the Central Bank of Liberia have announced sweeping reforms to Liberia's revenue collection and reconciliation systems following the release of a damning audit report by the General Auditing Commission that uncovered widespread discrepancies, unauthorized transactions, and operational weaknesses across government revenue channels.

By Emmanuel Weedee-Conway

Speaking Tuesday at a joint press conference in Monrovia, officials from the three institutions-Finance and Development Planning Minister Augustine Ngafuan, Central Bank of Liberia Executive Governor Henry F. Saamoi, and Liberia Revenue Authority Commissioner General James Dorbor Jalla...