MONROVIA – Dr. Mohamed A. Sheriff, a skilled public coverage and authorized professional from the UK and govt member of the Various Nationwide Congress (ANC), believes that his celebration holds the important thing to unlocking Liberia’s financial future—if given the chance to guide.
By Augustus D.R. Bortue
In line with Dr. Sheriff, if given the possibility to guide, the ANC, below the management of Alexander B. Cummings and a brand new incoming govt crew, has the imaginative and prescient and competence to drive significant financial reform in Liberia. He’s rumored to be a significant determine within the celebration’s evolving management.
Dr. Sheriff brings a wealth of expertise to the desk, having served as a World Financial institution guide on main initiatives together with Public Sector Modernization. He was additionally a guide in drafting Liberia’s Home Violence Regulation, has labored with the United Nations and different worldwide establishments, and is a former human rights advocate.
In an unique interview with FrontPage Africa on Wednesday, July 30, 2025, in Monrovia, Dr. Sheriff sharply criticized the present administration’s dealing with of the economic system, accusing it of missing transparency and failing to revive public belief.
“This authorities got here to energy below the mantra that the President has 40 years of expertise in authorities. However what we’re seeing is the other. The struggling of the Liberian folks has worsened, and this isn’t what was promised,” Dr. Sheriff asserted.
He highlighted rising costs of primary commodities, inflation, and a widening commerce deficit, warning that the Central Financial institution of Liberia (CBL) and the broader financial crew have failed to supply enough regulatory oversight or reduction for peculiar Liberians.
Central Financial institution Governor Henry Saamoi not too long ago claimed that inflation had declined from 12.5% to 9.9%, attributing the change to street improvement and different authorities initiatives. President Joseph Nyuma Boakai, in his Independence Day deal with, introduced that he had commissioned a market survey led by Vice President Jeremiah Koon, with a report due in 45 days.
Financial Mismanagement and CPI Issues
Dr. Sheriff, citing his public coverage background, emphasised that the present administration lacks a coherent monetary coverage to handle inflation and its affect on client buying energy.
“There’s one thing referred to as the Client Value Index (CPI)—a key inflation indicator. If in July 2024 a 25kg bag of rice price US$15, and by July 2025 it prices US$17 or extra, that’s inflation. The Central Financial institution, the Ministry of Commerce, and the nationwide statistical company ought to have alerted the President and the Legislature to set off acceptable changes,” he defined.
He criticized the federal government’s inaction on wage changes regardless of rising prices of residing, arguing that civil servants ought to obtain cost-of-living allowances (COLA) as a part of nationwide finances issues.
On Financial Coverage: Expansionary vs. Contractionary
Dr. Sheriff defined {that a} authorities’s financial coverage—whether or not expansionary or contractionary—have to be attentive to the nation’s financial realities. He believes the CBL’s present strategy is disconnected from the struggles confronted by peculiar Liberians.
He additionally mentioned financial methods just like the “trickle-down” and “trickle-up” results. In line with him, the federal government ought to take into account tax reduction for low-income earners and civil servants to ease the burden, particularly because the change fee climbs above L$200 to US$1.
“This reveals that the CBL Governor and the Financial Administration Group had been ill-prepared for management. They don’t seem to be managing the economic system successfully,” he stated.
ANC’s Imaginative and prescient and Preparedness
Regardless of these challenges, Dr. Sheriff says the ANC is engaged on complete fiscal and financial coverage frameworks to revive financial stability and enhance the lives of Liberians.
“Whereas we await the subsequent election in 2029, we are going to proceed to talk out. This authorities should ship on its guarantees and cease enjoying with the livelihood of the Liberian folks,” he warned.
He concluded by calling on Liberians to belief the ANC because the celebration greatest positioned to convey financial renewal and prosperity:
“The ANC is prepared. We have now the imaginative and prescient, the insurance policies, and the crew to guide Liberia into a greater future.”
