Liberian leader and football legend George Weah conceded defeat to opposition leader Joseph Boakai after a tight presidential run-off, saying it was "time to put national interest above personal interest".
With more than 99.5 percent of the polling stations reporting vote tallies after Tuesday's second-round vote, Boakai had garnered 50.89 percent of ballots cast, according to the election commission.
Boakai was 28,000 votes ahead of Weah, according to Friday's figures. The two finished neck-and-neck in the first round last month, with a national lead of just 7,126 votes for Weah.
The election of Weah - the first African footballer to win both FIFA's World Player of the Year trophy and the Ballon d'Or, had sparked high hopes of change in Liberia, which is still suffering from back-to-back civil wars and the 2014-2016 Ebola epidemic.
But critics have accused his government of corruption and him of failing to keep to his promises.
In an election, already being called the best in Africa by international observers, latest results showed Boakai leading with nearly 51 percent of the votes in Liberia, Africa's oldest republic founded by freed American slaves.
"The results announced tonight, though not final, indicate that... Boakai is in a lead that we cannot surpass," Weah said in a speech on national radio late on Friday, November 17.
He said his CDC party "has lost the election but Liberia has won," adding: "This is the time for graciousness in defeat".
Boakai aged 78 lost to Weah, 57, by a large margin in the second-round presidential vote in 2017.
The United States congratulated "president-elect Boakai on his victory and President Weah for his peaceful acceptance of the results".
"We call on all citizens to follow President Weah's example and accept the results," US State Department spokesman Matthew Miller said in a statement.
Weah said he had spoken to Boakai "to congratulate him on his victory".
"The Liberian people have spoken, and we have heard their voice. However, the closeness of the results reveals a deep division within our country," Weah said in his speech.
"Let us heal the divisions caused by the campaign and come together as one nation and one united people."
Weah who remains president until the handover of power in January pledged to "continue to work for the good of Liberia".
It will be the second peaceful handover of power from one democratically-elected government from another in two decades.
The elections were the first since the United Nations in 2018 ended its peacekeeping mission, created after more than 250,000 people died in the two civil wars in Liberia between 1989 and 2003.
International observers, including the European Union, have commended Liberia for holding a peaceful election.
Regional bloc ECOWAS, the Economic Community of West African States, said the poll was "largely" peaceful.
Around 2.4 million Liberians were eligible to vote on Tuesday and the turnout was about 66 percent, according to the electoral commission website.
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