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Liberian Senate concerned about worsening economic crisis

(Last Updated On: )

-Holds special Session Monday

-Other CDC gov’t officials appear to be in panic mode

By our Staff Writer

The dramatic fall in the value of the Liberian dollar in recent weeks has seen a hike in prices and the increase in hardships, as citizens are seriously feeling the pinch.

The rapid rise in the economic hardship has probably led to panic among many CDC government officials about the effect this may have on the government’s public opinion ratings, as President Weah won last December’s polls with a very large margin.

Writing on his Facebook page, one of the officials on the government’s propaganda team, Boima JV Boima said on Monday: “Fellow Comrades, do not allow them to fool u. You struggled for twelve years without a job and money to bring this government into power. All those years, u patiently waited. Now that u have succeeded, folks from opposition parties more especially the UP, are now busy preaching hateful messages and playing on your sentiments to make u hate a government that u brought into power.”

It’s not known why the Deputy Director General for Rural Broadcasting is singling out the former ruling Unity Party (UP), which is likely to react to such a claim.

But judging by the public comments being made by some officials, it appears that the deepening economic crisis is putting CDC government officials in a panic mode, one analyst said recently.

The LBS Deputy Director General further said:

“They are making u to beleive that this government do not have the ability to change the messy economy that they left behind. They even want u to believe that the government has abadoned u for others. No way! The Pres Dr. Dr. George Weah that I know will never forget u. He is kindly asking that you keep the resilence and fortitude. This nation will prosper. You will enjoy the fruit of your labor fellow partisans. Shine your eyes!”

Students from the University of Liberia under banner of the  Students Unification Party (SUP) last week staged street protest calling on the George Weah government to speedily address the escalating rise in the exchange rate. They spoke of the enormous hardship it is causing with the skyrocketing of prices of basic commodities on the market.

With the exchange rate between the Liberian dollar and the US dollar at an all-time high (LD159 to one USD), the Senate is on Monday expected to hold a special session at the Capitol Building.

According the Spokesman at the Senate Jarlawah Tonpo, the special session comes “in the wake of the constant depreciation of the Liberian Dollar against the US Dollar.”

He said those who are invited to appear before the Full Plenary of the Senate in an Executive Season to address the State of the Economy are: the Finance Minister Samuel Tweh, Commerce Minister Prof. Wilson Tarpeh, Acting Central Bank Governor (CBL), the Officer In Charge at the Liberia Revenue Authority (LRA) Decontee King Sackey and the former LRA Director General Madam Alfreda Tamba.

The Senate’s special session continues on Wednesday July 11, 2018 at 12 noon with stakeholders not in government appearing to provide experts’ opinions the State of the Economy.

Those appearing on Wednesday are: former Finance Minister. Augustine Kpehe Ngafuan, Pewu Subah-Partner of the Belleh and Associates, the President of the Liberian Bankers Association, The President of the Liberia Foreign Exchangers Association and the President of the Liberia Chambers of Commerce.

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