Finance Minister Augustine Ngafuan has publicly declared his assets in line with President Joseph Nyuma Boakai’s initiative aimed at fostering accountability and transparency among government officials. The announcement of this declaration, which took place on November 27, 2024, underscores the administration’s commitment to ethical governance in Liberia. The asset declaration forms were circulated on social media, marking a significant step in the effort to enhance public trust in government operations by making the financial standings of officials accessible to the public.
The assets declared by Minister Ngafuan total an estimated $533,850, reflecting a range of personal investments and properties. His reported annual gross salary is $69,000. Additionally, he has savings distributed across various banks, including ECOBANK with $50,870, United Bank of Africa (UBA) Liberia with $8,540, and the Liberian Bank for Development and Investment (LBDI) holding $440. These figures provide insight into his financial dealings and demonstrate compliance with the President’s directive regarding asset transparency.
Among the notable aspects of Ngafuan’s declaration are his liabilities and wealth held in residential properties, which cumulatively amount to $276,000. Furthermore, his pension benefits are reported at $165,000, alongside cash reserves totaling $4,300. The declaration reveals a comprehensive picture of the Minister’s financial health, illustrating both his responsibilities and his assets. The range and value of these assets contribute to a better understanding of the financial framework within which government officials operate.
In addition to his cash and savings, Minister Ngafuan’s declaration includes a variety of vehicles, particularly a used 2017 Nissan Patrol Jeep valued at $21,000, as well as boats and aircraft. Also noted were several real estate properties, which indicate further investments on his part. This level of detail in asset reporting reflects a broader initiative within the government to adhere to principles of open governance, encouraging similar transparency from other officials.
The asset declaration fulfills a broader agenda set by President Boakai, who emphasizes the importance of accountability within his administration. By prompting officials like Ngafuan to divulge their financial information, the President aims to build a culture of integrity that stands against corruption and mismanagement of public resources. This action serves as a public testament to the government’s intent to be seen as transparent and responsible stewards of national resources.
Overall, Finance Minister Augustine Ngafuan’s asset declaration represents a significant move toward fortifying public trust in the government by showcasing financial accountability. By taking these steps, Minister Ngafuan aligns himself with President Boakai’s vision, promoting clarity and ethical standards in public service. As more officials follow suit, this initiative holds the potential to transform perceptions of governance in Liberia, reinforcing the connection between ethical public service and national development.
