President George Manneh Weah has issued an executive order that aims to reverse the current negative state of the economy.
The Minister for Commerce and Industry, Wilson Tarpeh has blamed the recent artificial shortage of gasoline in the country to ‘misunderstanding’ by petroleum importers regarding the collection of road funds announced by the government.
Across Monrovia, the gas stations of major distributors of petroleum products have been shut, with signs placed at the fueling stations noting that the stations are out of the key commodity.
The Institute for Research and Democratic Development has released its findings on the effectiveness and efficiency of the Grand Bassa County Service Center. The report identifies several deficiencies at the center.
President George Weah’s choice for commissioner general of the Liberia Revenue Authority, Thomas Doe Nah, has reacted to critics claiming that his appointment was based on ethnicity and tribalism.
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.