Incumbent Liberia president, Geoarge Weah will slug it out with the candidate of the opposition, Boakai in a second ballot to determine who leads the country in the next administration.
The official provisional results on Tuesday placed both Weah and Boakai neck and neck.
With the recently released results the two leading candidates will battle it out in the second rround of election already slated for two weeks time.
With more than 94 percent of ballots counted, Boakai, 78, won 43.70 percent, while Weah, 57, a former international footballer who is running for a second term, gained 43.65 percent, according to results published by the national electoral commission.
The two men were well ahead of the 18 other presidential candidates in the first round of voting in the West African nation on October 10.
Ballot counting is now complete in nearly 93 percent of polling stations, the commission said on its website.
The figures indicate that neither Weah nor Boakai are set to secure enough votes for an absolute majority and be elected in the first round.
However, there are reports that run off could be delayed for possible appeals in the election.
West African regional bloc ECOWAS and the African Union have congratulated the Liberian government and the election commission for the organisation of a peaceful vote, marked by a high participation rate.
The vote was the first to be held since the United Nations ended its peacekeeping mission in Liberia in 2018.
The mission was created after more than 250,000 people died in two civil wars between 1989 and 200