-Amidst current economic nightmare
By Anthony Stephens, Contributing Writer
Former Liberian Finance Minister, David Farhat has questioned the performance of government’s economic management team—seemingly suggesting to President Weah to change the team, amidst continuing economic crisis.
“If the president is there and he has a team and things don’t seem to be going the right way and it’s been 11-12 months, then something needs to be done, Mr. Farhat told the local Power TV News over the weekend.
Mr. Farhat suggested to Managers of Liberia’s economic sector that they either have to change their mode of operations or be replaced by the President with people who can do a better job.
Mr. Farhat recalled a similar situation occurred during the administration of former U.S. President, Jimmy Carter when he appointed novices to key administrative positions, but had to change them over their poor performances.
Expressing unhappiness about the worsening state of the Liberian economy, Mr. Fahart said although Managers of the country’s financial sector may have credibility, they are unknown to investors and partners.
According to him, investors and partners don’t have confidence in President Weah’s appointees.
Meanwhile, the former Liberian Finance Minister says he expects that the Weah administration will substantially invest in agriculture, especially rice production as the nation enters into the New Year.
He said doing so would reduce pressure on import and ensure there’s value for the Liberian Dollar.