Even as the Liberia Revenue Authority has begun enforcing the new tariffs on imported commodities, the government has still not yet released its analysis of the estimated impact on revenues.
In the immediate term, focus should be given to investment in sectors that have the greatest potential to reduce the trade deficits, while expanding and improving Liberian entrepreneurship.
President George Weah has approved a new schedule to reduce tariffs on some basic imported commodities in the country.
The Ministry of Commerce and Industry has fined one of Liberia’s largest supermarkets, the Abi Jaoudi Supermarket, for selling expired meat and associated products on the market.
Grand Kru’s Sen. Peter S. Coleman has dispatched a communication to Albert Chea, Senate pro tempore, complaining about the high charges levied on the importation of goods at the Freeport of Monrovia.
At a recent news conference, David Sumo, who heads the Liberia Medicines and Health Products Regulatory Authority, called on the Liberia National Police, Immigration Service, Drug Enforcement Agency, Liberia Revenue Authority to help his agency arrest and confiscate the goods of drug peddlers and forward them to court.
Agnes Gardia, a farmer in Montserrado, believes that existing laws on land ownership put farmers at a disadvantage because they have no regard for community ownership of land.
The Liberia Revenue Authority has announced that it has generated at least 51 percent of the US$600 million required to support the 2016-2017 fiscal budget.