MONROVIA-The costs of rice, flour and eggs on the Liberian market have considerably been lowered by the Liberian authorities.
President Joseph Nyuma Boakai, Wednesday took the choice following report and suggestion from the Presidential Advert-Hoc Committee on Worth Contradictions, chaired by Vice President Jeremiah Kpan Koung, Sr.
The Govt Mansion in a launch, quoted the President Boakai as disclosing that the wholesale worth of flour, which beforehand stood at US$39.00 per 100-lb bag, has now been lowered to US$35.00 per 100-lb bag.
Likewise, the worth of rice, which was at US$16.75 per 25kg bag, has been lowered to US$14.00 per 25kg bag.
“These reductions signify my authorities’s dedication to making sure that the extraordinary Liberian household has entry to reasonably priced meals,” President Boakai stated. “On the similar time, we’re working with producers and importers to keep up honest 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 strict enforcement of the brand new costs throughout the nation.
He cautioned that any particular person or enterprise discovered creating arbitrary worth will increase will face the total weight of the legislation.
The Liberian Chief famous that whereas the brand new costs take impact instantly, the Committee will proceed consultations with stakeholders to assessment 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 prime priorities of his Administration.
Alphonso Toweh
Has been within the career for over twenty years. He has labored for a lot of worldwide media retailers together with: West Africa Journal, Africa Week Journal, African Observer and did occasional reporting for CNN, BBC World Service, Sunday Occasions, NPR, Radio Deutchewells, Radio Netherlands. He’s the present correspondent for Reuters
He holds first MA with honors in Worldwide Relations and a candidate for second grasp in Worldwide Peace research and Battle Decision from the College of Liberia.
