By Festus Poquie
Liberia President George Weah has promised to continue his economic programs targeting low inflation and growth if he wins the October 10 votes.
“I accept your call to continue for the Second-Term. I will be a presidential candidate on the ballot box,” Weah’ told hundreds of thousands of supporters Saturday at a rally in the capital Monrovia.
He has promised not to seek a third-term in office.
“Join me let continue what I have started for economic growth and prosperity.
Liberia’s economy is expected to expand by 4.2% this year from a 3,7% low in 2022 after two consecutive growth contractions in 2019 and 2020, President George Weah said Monday.
Central bank policy measures and improvement in domestic revenue mobilization driven by higher receipts of tax and non-tax revenues, especially taxes on international trade, income and profits have kept the country’s economic recovery on track, he told lawmakers in a speech.
“In 2023, our government will remain focused on improving the living standard of our people by promoting a low-inflation and stable exchange rate environment.
“Inflation at end-December 2022 was 6.9% percent, and the exchange rate between the Liberian dollar and the United States Dollar has remained stable within the range of 150 – 153LRD/$1 for the past twelve (12) months.”
