Liberia: Presidential Order to Audit Liberia’s Central Bank Sparks Debate Over Legal Boundaries and Bank’s Autonomy

Monrovia — President Joseph Boakai’s mandate for the General Auditing Commissin (GAC) to audit the Central Bank of Liberia (CBL) has sparked a debate over the legality of the President’s mandate, the authority of the GAC to audit the CBL and the CBL succumbing its independence to the Executive.

Acting on President’s madate, the GAC recently dispatched an engagement letter to CBL, outlining the audit’s parameters and submitting a series of document requests to support the comprehensive audit.


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