Economy

Liberia sources Additional US$5M for Establishment of Regional Center -NaFAA Boss discloses

The Government of Liberia(GoL), through the National Fisheries and Aquaculture Authority (NaFAA), is sourcing an additional $5Million United States dollars for the establishment of a Regional Center of Excellence for Fisheries and Aquatic Sciences to be hosted in Liberia.

01/Jun/2023

Economy

CBL raises Monetary Policy Rate to 17.5%

The Board of Governors of the Central Bank of Liberia (CBL), proxying for its Monetary Policy Committee (MPC), has raised the Monetary Policy Rate (MPR) by 250 basis points to 17.5 percent, to preempt further inflationary pressures, going into the third quarter of 2023. The Board, during the second quarterly meeting of 2023, affirmed its decision to maintain the existing reserves requirement ratio at 25 percent for Liberian Dollars and 10 percent for United States Dollars.

31/May/2023

Economy

More Discrepancies Into Kailondo Petroleum Incorporated’s Account uncovered

In addition to previous documentary evidence, the Heritage Newspaper has uncovered more discrepancies into Kailondo Petroleum Incorporated’s Account at the Guaranty Trust (GT) Bank Liberia Limited.

31/May/2023

Economy

At Liberian Senate US$20 Million Road Fund Under Probe

The Liberian Senate has set up an Ad-Hoc Committee to probe the US$20 Million (Twenty Million United States Dollars) arrears of the Road Fund.

25/May/2023