Monrovia, Liberia ~ In a move aimed at easing the financial burden on Liberian families, President Joseph Nyuma Boakai, Sr., has announced sweeping reductions in the prices of two key staple commodities: flour and rice. The decision follows recommendations from the Presidential Ad-Hoc Committee on Price Contradictions, chaired by Vice President Jeremiah Kpan Koung, Sr.
Effective immediately, the wholesale price of flour has been reduced from US$39.00 to US$35.00 per 100-pound bag. Similarly, the cost of a 25kg bag of rice will drop 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 stated during the announcement. “At the same time, we are working with producers and importers to maintain fair and sustainable trade practices that safeguard continuous supply.”
The President has directed the Ministry of Commerce inspectorates and all relevant authorities to ensure full compliance with the new pricing across the country. He warned that any business or individual found to be inflating prices arbitrarily would face legal consequences.
While the new prices are to be enforced without delay, President Boakai emphasized that the Committee will continue engaging stakeholders to examine underlying cost drivers and identify further opportunities for price reductions.
The President reaffirmed that stabilizing prices, enhancing food security, and reducing the cost of living for ordinary citizens remain central to his administration’s agenda.
The announcement has been met with cautious optimism from consumers and market observers, many of whom see the move as a significant step toward economic relief in the face of rising global commodity prices.
