Senator Amara Konneh, Chairman of the Senate Committee on Public Accounts and Audit, has raised concern about Liberia’s growing debt and weak financial accountability, alarming that it is hurting the economy and eroding public trust in government. Speaking Tuesday, October 21, 2025, Senator Konneh revealed that Liberia’s total debt has reached US$2.7 billion, about 57 percent of the country’s Gross Domestic Product (GDP).
He frowned that Liberia’s domestic debt is US$1.1 billion, which limits private sector growth and strains national resources. “This level of borrowing crowds out private investment and reduces funds that should go to health, education, and infrastructure,” Konneh explained. He cited a General Auditing Commission (GAC) report which indicates that 88 percent of domestic debt claims were rejected due to missing documents and unsupported payment requests, describing it as “serious lapse in financial management.”
Konneh claims that despite efforts to improve revenue and strengthen debt control, off-budget spending and weak oversight continue to undermine the national budget. “Budget credibility in Liberia is a major challenge; and we must fix it to rebuild public confidence,” he recommends. The Senator pledged to work with both the Legislature and Executive to improve transparency, ensure proper debt management, and restore public trust.
