MONROVIA, LIBERIA – Minister of Finance and Development Planning (MFDP), Hon. Augustine Kpehe Ngafuan, officially declared his assets to the Liberia Anti-Corruption Commission (LACC) on October 13, 2024, revealing a net worth of US$533,850 (assets minus liabilities).
In his asset declaration statement, Ngafuan emphasized the accuracy and transparency of his submission. “I solemnly declare that all information I have provided herein is true, complete, and correct to the best of my knowledge. I consent to the release of any and all information to and from concerned institutions, nationally or internationally, for the verification of claims contained in this declaration. I am also aware that criminal charges, including perjury, could be brought against me for any false declaration,” he stated.
Ngafuan’s asset declaration comes less than two months after his unanimous confirmation by the Liberian Senate as Minister of Finance and Development Planning on September 10, 2024.
Twenty-six senators voted in favor following a recommendation from the Senate Committee on Ways, Means, Finance, and Budget, which commended Ngafuan for his fiscal expertise and development management acumen.
President Joseph Boakai nominated Ngafuan on August 30, 2024, to fill the position vacated by Boima Kamara’s resignation.
The appointment marks a return for Ngafuan to a role he previously held during the Sirleaf-Boakai administration, where he also served as Director of the Bureau of the Budget, Minister of Finance, and Minister of Foreign Affairs.
The asset declaration aligns with the Liberia Anti-Corruption Commission’s broader initiative to enhance transparency and accountability in the public sector.
On November 20, 2024, the LACC officially launched its Asset Declaration Verification Process, targeting 175 public officials from the current and previous administrations.
This move underscores the government’s commitment to ensuring integrity among public officials.
Ngafuan’s declaration has been met with public interest, given his extensive background in public service and his return to a key position in the country’s economic management.
His pledge of transparency sets a precedent for other officials to follow as the Boakai administration seeks to rebuild trust and strengthen governance in Liberia.
