President Joseph N. Boakai has signed Executive Order #139 suspending tariffs on agricultural products. During the signing ceremony Wednesday, November 27, 2024 at the Executive Mansion in Monrovia, President Boakai said his government remains committed to advancing the forestry and agricultural sectors of Liberia by taking decisive action to enhance macroeconomic stability and support to…
Liberia’s Minister of Finance Augustine Kpehe Ngafuan and his Sierra Leonean counterpart Sheku Ahmed Fantamadi Bangura have committed to consolidate ties between their two ministries with the goal to strengthen partnership and peer learning in the areas of debt management, budgeting, treasury management, IFMIS implementation, tax policy and other key areas of public financial management…
Marketers at the newly established Sirleaf Market in Gbarnga, Bong County, have threatened to carry out sustained protest actions against the county administration. They said local authorities have failed to relocate sellers who continue to operate in the old Gbarnga Central Market, which was officially demolished earlier this year by the Gbarnga City Corporation. The…
The Government of Liberia (GOL) in partnership with the World Bank will on Monday, October 21, 2024, begin validating the recently drafted Zoning Act for Liberia. According to an October 18, 2024 release, the exercise will take place at the Mamba Point Hotel in Monrovia. The draft legislation, introduced by the Ministry of Public Works…
As of September 30, 2024, the Liberia Revenue Authority (LRA) says it has successfully collected US$513.8 million or 74% of the total domestic revenue envelope of US$694.4 million, representing a 12% increase in domestic revenue compared to the same period last year. The collected amount is US$54.3 million more than the year-to-date revenue target. The…
The Minister of Commerce and Industry says Liberia has not experienced any shortage of rice and the price of the commodity has remained stable for the last nine months. Speaking Thursday, October 3, 2024, at the Ministry of Information regular press briefing, Commerce Minister Amin Modad said that as of September 27, 2024, India reduced…
Liberia Revenue Authority (LRA) has launched a state-of-the-art Automated Performance Management System (APMS) aimed at improving staff performance, productivity, and efficiency in the organization. The new system, which will take effect in 2025, is expected to significantly enhance the LRA’s revenue collection as it strives to move from collecting millions to reaching billions. The new…
Amidst uncertainty in Liberia concerning the alleged purchase of a US$96,000 vehicle for Commerce Minister Amin Modad by the Liberia Revenue Authority (LRA), a group calling itself Coalition of Youth & Students for Better Liberia (CYSBL) has described the Commissioner General of LRA James Dorbor Jallah as an “integrity icon.” Speaking with reporters Monday, September…
The International Monetary Fund Management and Executive Board have approved a 40-month Extended Credit Facility (ECF) arrangement in the tone of US$210 Million for Liberia. The IMF’s Management and Executive Board made the approval at a Board meeting on Wednesday, September 25, 2024. Commenting on the IMF Board’s decision, Finance and Development Planning Minister Augustine…
The National Lottery Authority (NLA) has concluded a three-day Monitoring and Evaluation Result-based Training Workshop for its M&E Department in Monrovia. A release sent to this paper on Monday, Sept. 24, 2024, said the training workshop started on Wednesday, Sept. 18, 2024 and ended on Friday, Sept. 20, 2024 with the aim to accomplish NLA’s…
