President Ellen Johnson Sirleaf has signed into law 'An Act establishing the Liberia Extractive Industries Transparency Initiative (LEITI).'

The new law will assist in ensuring that all benefits due the Government and people of Liberia for the extraction of the country's mineral and other resources are paid and duly accounted for.

In remarks at the signing ceremony, President Johnson Sirleaf described the law as one that strives for accountability. The President spoke of the importance of the new law, noting that it requires all investors in the extractive industry, including mining and forestry, to periodically report on all official and unofficial payments made to civil society

The bill was presented to the President on Friday at the Foreign Ministry by members of the House and Senate Joint Committee on the Executive in the National Legislature.

Present at the ceremony were Senate Executive Committee Chairman and Gbarpolu County Senator Daniel Naatehn; Grand Bassa County Senator Gbezhongar Findley; Bomi County Representative Haja Fata Siryon; Nimba County Representative Nohn Kidau; Lofa County Representative Malian Jalebah; Finance Minister Augustine Ngafuan; and Minister of State for Economic and Legal Affairs, Morris Saytumah.