Rice Importers May Reduce 25kg Price As Low As US$3

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President Weah (center) along with Commerce Minister designate Wilson Tarpeh (far left) and members of the Rice Importers Association

–If government addresses their challenges

Though the US$3 reduction in the price of a 25kg bag of rice proposed by President George Weah to rice importers has yet to take effect, it could be possible in the future once a few challenges facing rice marketers are addressed and modalities worked out by the government.

“If the government imposed tax is an issue, you can rest assured that my government is more than ready to grant reasonable adjustments in the tax regime to make the reduction of the price of rice possible,” President Weah told members of the Rice Importers Association at the meeting on Thursday.

According to an Executive Mansion release, the rice importers, however, decided on a reduction of US$2 per 25kg bag of rice, and US$4 per 50kg bag.

The welcoming news comes as a result of increased pressure on rice importers by President Weah, who believes it is intolerable for the price of the national staple to increase amid the high cost of living in the country.

President Weah and officials of the Rice Importers Association met, for the second day running, on Friday, February 2 to continue negotiations on further reduction of the price of rice on the local market.

The discussions, according to the release, started on Thursday, February 1, at which time the President promised to do everything possible to ensure that the market price of rice was reduced.

At Friday’s meeting with the rice importers, President Weah reiterated his determination to ensure that something is immediately done to reduce the price of rice and make it affordable and available to average Liberians.

At the end of the negotiations, officials of the association through the chair, John Bestman, consented to effect a reduction in the price of the 25Kg bag of rice by US$2, while the price of a 50kg bag of rice will be reduced by US $4 with immediate effect.

The meeting was attended by Nathaniel Falo McGill, Minister of State; Samuel Tweah, Minister of Finance; Wilson K. Tarpeh, Minister of Commerce-designate; Eugene Nagbe, Minister of Information; and Archie Bernard, Legal Advisor to the President.

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2 COMMENTS

  1. We need more than this because these rice importers has exploited this country a lot and more need to be done not only rice busy commodities as well including school feels of private schools like Don Bosco Technical school,CWA.JJ Roberts,St Theresa Convent,and all major private schools.

  2. Our problem in this country is not rice our problem is job creation is what we need.The reduction in the price of rice is useless how will you reduce the price of rice and the exchange rate is 132 what sense does that make.It tell us that government have nothing to prove to the Liberian people and is this change that they been pushing.The president is not up to the task see the decision he’s making to appoint people who have character problem like Alvin Wesseh,Kai Farley and people with little education like the same Alvin Wesseh,Jefferson koji in key governmental position it is a disgrace on the part of this government.

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