Liberian President Joseph Nyumah Boakai looks on during a meeting with members of the Peulhe community on December 24, 2017 in Monrovia.

Liberian President Joseph Boakai recently announced that he has slashed his salary by 40 percent, from $13,400 to $8,040 per month.

Photo by Seyllou/AFP via Getty Images.

African Leaders Can Be Financially Modest — if They Want To

From Liberian President Joseph Boakai slashing his salary by 40 percent, to Kenyan President William Ruto announcing a slate of budget cuts, it is clear that African top officials can do without being lavish.