Economy

By US$66 Million in 18 Months to Ministries and Agencies MFDP Under Disbursed Legislative Approved Budgetary Appropriation …GAC Audit Report discloses

The Ministry of Finance and Development Planning (MFDP)  under disbursed Legislative Approved Appropriation of  US$ US$ 8,306,090 to 94 ministries and agencies during the fiscal year July 1, 2021 to June 30, 2021 and US58,071,420 to 53 to ministries and agencies for the Special Budget Year July 1, 2021 to December 31, 2021 (US$66,377,510 for both periods), according to the audit  of Government of Liberia (GOL)  Consolidated Funds Account Financial Statements submitted  by the Auditor General of the Republic of Liberia to the National Legislature.

05/Jun/2023

Economy

Liberia sources Additional US$5M for Establishment of Regional Center -NaFAA Boss discloses

The Government of Liberia(GoL), through the National Fisheries and Aquaculture Authority (NaFAA), is sourcing an additional $5Million United States dollars for the establishment of a Regional Center of Excellence for Fisheries and Aquatic Sciences to be hosted in Liberia.

01/Jun/2023

Economy

CBL raises Monetary Policy Rate to 17.5%

The Board of Governors of the Central Bank of Liberia (CBL), proxying for its Monetary Policy Committee (MPC), has raised the Monetary Policy Rate (MPR) by 250 basis points to 17.5 percent, to preempt further inflationary pressures, going into the third quarter of 2023. The Board, during the second quarterly meeting of 2023, affirmed its decision to maintain the existing reserves requirement ratio at 25 percent for Liberian Dollars and 10 percent for United States Dollars.

31/May/2023

Economy

More Discrepancies Into Kailondo Petroleum Incorporated’s Account uncovered

In addition to previous documentary evidence, the Heritage Newspaper has uncovered more discrepancies into Kailondo Petroleum Incorporated’s Account at the Guaranty Trust (GT) Bank Liberia Limited.

31/May/2023