Govt Mansion, Monrovia: – President Joseph Nyuma Boakai, Sr., has introduced vital reductions within the costs of flour and rice following report and suggestion from the Presidential Advert-Hoc Committee on Worth Contradictions, chaired by Vice President Jeremiah Kpan Koung, Sr.
President Boakai disclosed that the wholesale value of flour, which beforehand stood at US$39.00 per 100-lb bag, has now been diminished to US$35.00 per 100-lb bag. Likewise, the value of rice, which was at US$16.75 per 25kg bag, has been diminished to US$14.00 per 25kg bag.
“These reductions symbolize my authorities’s dedication to making sure that the atypical Liberian household has entry to reasonably priced meals,” President Boakai mentioned. “On the similar time, we’re working with producers and importers to keep up truthful and sustainable commerce practices that safeguard steady provide.” He assured.
The President has additional instructed the Ministry of Commerce inspectorates and all related stakeholders to make sure the strict enforcement of the brand new costs nationwide.
He cautioned that any particular person or enterprise discovered creating arbitrary value will increase will face the total weight of the regulation.
The Liberian Chief famous that whereas the brand new costs take impact instantly, the committee will proceed consultations with stakeholders to evaluation price drivers and discover extra alternatives for additional reductions.
President Boakai expressed that stabilizing costs, strengthening meals safety, and easing the burden on Liberian households stay high priorities of his Administration. -Press launch
