Liberia’s Finance Minister, Samuel D. Tweah, Jr Bags Prestigious ALM’s Award, named African Best Finance Minister- 2020.
The African Leadership Magazine which is published by African Leadership ( U.K) Limited, a United Kingdom-based company has named Liberia’s Finance and Development Planning Minister, Hon. Samuel D. Tweah Jr is one of the recipients of its prestigious ALM Persons’ of the Year Awards for 2020.
‘The ALM’s Persons of the Year Award is an annual award reserved for distinguished Africans who have blazed the trail in the year under review’. A shortlist of nominees is selected from results gathered via a call for nominations. The call for nominations is the first step in a multi-phased process.
The Magazine which is in its 9th year focuses on bringing Africa’s best to the global audience, telling the African story from an African perspective while evolving solutions to peculiar challenges being faced by the continent today.Minister Tweah who will on February 26, 2021, receive his award as “Africa’s Best Finance Minister, 2020” through a virtual program is being named alongside towering African figures such as World Health Organization’s Director-General, Tedros Ghebreyesus( African of the year, 2020), Ghanaian Leader, Nana Akufo-Addo( African Political Leader of the year, 2020 amongst others.
Minister Tweah inherited a Liberian economic system in 2018 which was already suffering severe blows due to UNMIL’s withdrawal, the decline in the global price value for Liberia’s traditional exports, and the long-lasting negative effects of the Ebola Virus Disease. These challenges became more importunate when the government of President Weah saw it compelling to pronounce a “no borrowing” policy from the Central Bank of Liberia which brought to an end a long pre-existing and existing fiscal easing Policy.In 2019, the Ministry of Finance and Development Planning under Minister Tweah introduced the much-talked-about Harmonization Policy. At first, seen as an unwelcoming and unpopular policy, the action intended to reform Liberia’s spiraling wage bill, has now been hailed home and abroad as it has ensured equity in wage across the Liberian Civil Service workforce, increased the salaries of key security Sectors personnel, and as well as a couple with other reforms, seen the timely disbursements of employees of the Liberian government’s salaries.
Minister Tweah, as head of the Economic Management Team who came under criticisms embedded in speculations and allegations linking him to “wrongly mopping up 25m United States dollars was cleared by the Liberia Anti- Corruption Commission reports which found him not liable for the irregularities of the mop-up process was written by the Global Institute for Fiscal Transparency( GIFT) in June 2020 commending him for the level of strides made by him for which the institute stated was evident of a 6% increase in Liberia’s fiscal performance as compared to 2017.
Recently, the International Monetary Funds (IMF) projected a 3.2 % growth for Liberia’s GDP in 2021 owing to fiscal and monetary reforms performed by Liberia but indicated that such hinges on the improvements of global indicators, mainly the Corona Virus. Minister Tweah is on record for championing efforts that have attracted loans and grants which have impacted positively multi-sectors of the country’s developmental drives.