President Joseph Nyuma Boakai, Sr., has announced a new cut in the wholesale price of eggs, extending his government’s ongoing campaign to stabilize the cost of essential food items on the Liberian market.
The decision follows recommendations from the Presidential Ad-Hoc Committee on Price Contradictions, chaired by Vice President Jeremiah Kpan Koung. Under the new directive, the wholesale cost of a cartoon of eggs drops from US$60.00 to US$50.00, a move the administration says is meant to ease pressure on struggling households.
This latest adjustment adds to earlier interventions on rice and flour—two of Liberia’s most consumed staples. Rice was brought down to US$14.00 per 25kg bag, while flour is now fixed at US$35.00 per bag.
Speaking on the matter, President Boakai stressed that the Ministry of Commerce and Industry, working alongside inspectorate bodies, will be monitoring the markets closely to prevent price manipulation. He issued a stern warning that anyone caught inflating costs beyond the approved rates will be dealt with under the law.
“These reductions reflect our determination to fight for the ordinary Liberian and ensure that basic necessities remain within the reach of every family,” the President said.
He praised Vice President Koung and the Committee for their efforts in tackling inconsistencies in the market, while assuring citizens that discussions are ongoing to extend similar price reviews to other essential goods.
The announcement comes at a time when many families continue to grapple with high living costs, and the Boakai administration appears keen on showing it is serious about protecting consumers from arbitrary hikes.
