The President of the Liberia Business Association (LIBA), Dee Maxwell Kemayah, has admonished Liberians to take ownership of their economy in order to make Liberia a middle income country by 2030.
Kemayah said though he welcomes foreign direct investments or foreigners participating in the economy, Liberians must be at the core of their economy because they are the owners of the country’s natural resources.
He warned that if this is not done, Vision 2030, which was crafted to create a middle-income Liberia, will not be actualized, adding: “There is no country in the world that can enhance economic growth without empowering its citizens.”
Mr. Kemayah made the call in Gbarnga recently during the constitutional review meeting, organized by the Constitution Review Committee (CRC) to the amend portions of the 1986 Constitution.
He believes that the continuous dominance of the Liberian economy by foreigners, “is seriously strangulating growth and development” urging delegates to vote in favor of the proposition to bring sanity to the economy.
Kemayah observed that the only empowerment for Liberian businesses in recent times is the loan scheme initiated by Central Bank of Liberia (CBL), which has been criticized and condemned by some individuals in the public sector.
He called on policy-makers and other stakeholders to buttress the effort of the CBL by empowering Liberian businesses to ensure that they have a stake in the economy to benefit from its wealth.