But Will It Comprehensively Hold And Will It Last?
By Our Staff Writer
Within just 24 hours, the Unity Party (UP) government of President Joseph Nyuma Boakai has announced price reductions of various basic commodities, including Liberia’s staple food, rice.
On Tuesday, September 2, 2025, the Executive Mansion revealed that the prices of rice and flour is being reduced.
And a day after, the government says the price of eggs is also being dropped, saying the latest move comes “following report and recommendation from the Presidential Ad-Hoc Committee on Price Contradictions, chaired by Vice President Jeremiah Kpan Koung, Sr.”
But what the Presidency did not say is the there has been mounting public outcry about increasing economic hardships and increasing in the prices of basic commodities on the Liberian market, amid the high unemployment rate and the hike in the exchange rate on the local money market.
Many citizens are welcoming the announcement on the reduction of prices, but many are skeptical about whether they will comprehensively hold across the country and how long the price reductions will last.
It is hoped that the latest announced price reductions will have concrete impact on the ordinary consumers.
But only time will tell.
FULL TEXT OF THE EXECUTIVE MANSION PRESS RELEASES BELOW:
President Boakai Announces Price Reductions for Flour and Rice, Orders Strict
Enforcement
September 2, 2025
Executive Mansion, Monrovia: – President Joseph Nyuma Boakai, Sr., has announced significant reductions in the prices of flour and rice following report and recommendation from the Presidential Ad-Hoc Committee on Price Contradictions, chaired by Vice President Jeremiah Kpan Koung, Sr.
President Boakai disclosed that the wholesale price of flour, which previously stood at US$39.00 per 100-lb bag, has now been reduced to US$35.00 per 100-lb bag.
Likewise, the price of rice, which was at US$16.75 per 25kg bag, has been reduced to US$14.00 per 25kg bag.
“These reductions represent my government’s commitment to ensuring that the ordinary Liberian family has access to affordable food,” President Boakai said. “At the same time, we are working with producers and importers to maintain fair and sustainable trade practices that safeguard continuous supply.” he assured.
The President has further instructed the Ministry of Commerce inspectorates and all relevant stakeholders to ensure strict enforcement of the new prices across the country.
He cautioned that any individual or business found creating arbitrary price increases will face the full weight of the law.
The Liberian Leader noted that while the new prices take effect immediately, the Committee will continue consultations with stakeholders to review cost drivers and explore additional opportunities for further reductions.
President Boakai expressed that stabilizing prices, strengthening food security, and easing the burden on Liberian households remain top priorities of his Administration.
Signed:
Atty. Kula Bonah Nyei Fofana
Presidential Press Secretary
President Boakai Announces Reduction in the Price of Eggs, Building on Earlier Measures to Stabilize Rice and Flour Prices
September 3, 2025
Executive Mansion, Monrovia-: President Joseph Nyuma Boakai, Sr., has announced a reduction in the wholesale price of eggs as part of his Government’s ongoing price stabilization efforts.
Following recommendations from the Presidential Ad-Hoc Committee on Price
Contradictions, chaired by Vice President Jeremiah Kpan Koung, the wholesale price of a carton of eggs has been reduced from US$60.00 to US$50.00.
This announcement builds on earlier measures by the Government, which secured
reductions in the prices of other key staples—rice at US$14.00 per 25kg bag and flour at US$35.00 per bag—to ease the economic burden on citizens and protect consumers against arbitrary price hikes.
President Boakai emphasized that the Ministry of Commerce and Industry, along with relevant inspectorates, is under strict instructions to ensure compliance with these adjusted prices.
He cautioned that anyone found inflating costs outside the official rates will face the full weight of 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,” President Boakai said.
The President commended Vice President Koung and the Committee for their diligent work and assured the public that further measures are underway to address the cost of other essential commodities on the market.
Signed:
Atty. Kula Bonah Nyei Fofana
Presidential Press Secretary