The Government of Liberia has announced plans to launch an independent investigation into more than US$1.6 billion and L$92 billion in public funds that could not be traced between 2018 and 2024, according to findings from a General Auditing Commission (GAC) audit report.
Speaking at a joint press conference in Monrovia on May 19, 2026, Finance and Development Planning Minister Augustine Kpehe Ngafuan said the audit uncovered major discrepancies between revenue reported in the tax administration system and deposits reflected in the government’s consolidated revenue accounts at the Central Bank of Liberia (CBL).
Ngafuan disclosed that the Ministry of Finance and Development Planning (MFDP), the Liberia Revenue Authority (LRA), and the CBL detected the irregularities in late 2024 and immediately requested an independent review by the GAC.
According to the Minister, the audit initially covered the period from 2018 to 2023 but was later extended to include 2024 due to the seriousness of the findings.
“The President has agreed that the audit report be forwarded to the Ministry of Justice and the Liberia Anti-Corruption Commission to determine whether the findings point to fraud,” Ngafuan stated.
He added that individuals found culpable of defrauding the government during the seven-year period would be brought to justice.
The government says the move forms part of efforts to strengthen transparency, accountability, and public financial integrity.
