In a surprising yet strategic move, Augustine Kpehe Ngafuan, one of Liberia’s most accomplished intellectuals and experienced public servants, has been appointed as the Minister of Finance & Development Planning in the newly formed government of President Joseph Boakai. This marks Ngafuan’s second tenure in the pivotal role, raising questions about whether this “second chance” will not only reshape Liberia’s economic future but also reignite his once-aspiring political ambitions.
Ngafuan, who previously served as Finance Minister under President Ellen Johnson-Sirleaf from 2006 to 2012 and later as Minister of Foreign Affairs from 2012 to 2015, has a strong track record in public administration and policy. However, despite his wealth of experience, Ngafuan’s initial forays into the political arena were met with mixed success. After resigning from his post as Foreign Minister in 2015 to run for the presidency, his bid never gained the momentum he hoped for, leaving his political future uncertain.
A Return to Form
This new appointment signals a major comeback for Ngafuan, as he once again takes the helm of Liberia’s economic and developmental policies. With Liberia facing significant financial challenges—ranging from national debt to infrastructure development—his experience is expected to bring much-needed expertise to the Boakai administration.
His return to the Ministry of Finance & Development Planning could also serve as a platform for Ngafuan to rebuild his political base, having previously failed to solidify his standing across the Liberian political landscape. During his earlier tenure, Ngafuan focused on stabilizing the nation’s finances post-civil war but struggled to leverage that success into broader political influence.
Political Ambitions Rekindled?
Ngafuan’s re-entry into the government has sparked speculation about his long-term ambitions. Could this second stint at the Finance Ministry be his opportunity to not only impact Liberia’s economic trajectory but also lay the groundwork for a renewed presidential bid? With Joseph Boakai now in power, Ngafuan has a chance to work closely with the administration, potentially positioning himself as a key figure in shaping the country’s future.
Political analysts suggest that if Ngafuan can make tangible progress in addressing Liberia’s economic woes—such as improving fiscal discipline, attracting foreign investment, and boosting development programs—he could reemerge as a strong candidate for the presidency in the years to come.
Challenges Ahead
Ngafuan’s return comes with significant challenges. Liberia’s economy continues to recover from the dual shocks of the COVID-19 pandemic and global economic downturns. Additionally, there is increasing pressure on the government to demonstrate transparency and accountability in public finance—an area in which Ngafuan will be expected to lead. Critics will be watching closely to see if he can deliver the reforms necessary to foster sustainable growth, reduce poverty, and improve the overall business climate.
For Ngafuan, success in this role could serve as a crucial stepping stone, not only in rejuvenating Liberia’s financial sector but also in reigniting his political career. As one of Liberia’s best intellectuals, his influence could extend beyond this current role, potentially shaping him into a future contender for the presidency.
The Road Ahead
As Augustine Ngafuan embarks on this “second chance” in public service, all eyes are on how he will navigate the complex web of politics and economic policy. Will he seize this opportunity to leave a lasting legacy on Liberia’s financial landscape and lay the groundwork for a future presidential run? Only time will tell, but one thing is certain: his return to the national stage has reinvigorated hopes for a better Liberia and reignited discussions about his long-term political aspirations.
The Confirmation Hearing
Ngafuan’s confirmation hearing before the Senate’s Ways, Means, Finance, and Budget Committee was marked by humility and a renewed sense of purpose. “My nomination by President Boakai can be likened to a Commanding-in-Chief summoning a reservist, an old soldier back to the battlefront,” Ngafuan remarked, acknowledging the significant challenges ahead. He underscored his commitment to “put Liberia first” in all aspects of his work, emphasizing the complexity of the nation’s economic struggles.
During the hearing, Ngafuan highlighted his key priorities, including improving resource allocation, enhancing domestic revenue mobilization, and addressing Liberia’s energy and infrastructure deficits. Central to his agenda is the finalization of the ARREST Agenda for Inclusive Development (AAID), which aims to align Liberia’s national budget with its development goals by the start of the 2025 fiscal year. He also stressed the need for increased government revenue through reforms in sectors such as mining and agriculture, as well as expanding private sector participation, especially in power distribution.
For now, Ngafuan seems focused on the task at hand—rebuilding Liberia’s economy. But for those watching closely, this may be more than just a return to public service—it may be the start of something much bigger and a birth of a new political life.
