President Joseph Nyuma Boakai, Sr., has announced major cuts in the prices of two of Liberia’s most essential commodities, flour and rice. The move comes after the Presidential Ad-Hoc Committee on Price Contradictions, headed by Vice President Jeremiah Kpan Koung, submitted its findings and recommendations.
According to the President, the wholesale price of a 100-pound bag of flour will now sell for US$35.00, down from the previous US$39.00. In similar fashion, the price of a 25-kilogram bag of rice has been reduced from US$16.75 to US$14.00.
“These reductions represent my government’s commitment to ensuring that the ordinary Liberian family has access to affordable food,” President Boakai declared. He further assured that his administration is working with importers and producers to sustain trade practices that guarantee consistent supply while protecting the market from instability.
The Liberian leader also directed the Ministry of Commerce inspectorates, along with other relevant agencies, to strictly enforce the new pricing structure across the country. He warned that businesses or individuals attempting to artificially inflate prices will face serious legal consequences.
While these changes take effect immediately, President Boakai emphasized that the Ad-Hoc Committee will continue engaging stakeholders to assess market conditions and identify opportunities for additional price relief.
He concluded by reaffirming that stabilizing food costs, protecting household income, and securing the nation’s food supply are at the heart of his administration’s priorities.
