— Says World Bank Liberia’s Economist, Daniel Boakye; launches the 19th edition of Africa’s PulseThe World Bank Liberia’s Economist, Daniel Boakye said the main drivers of inflation in the country are fiscal pressures, which are caused by the continuous revenue deficits in its third year running. Boakye said, “Government is having fiscal pressures and fiscal deficits in part because revenues have been falling below targets since 2017. That is why we say there are fiscal pressures. So, addressing fiscal pressures could be in two ways: find out how best the government could mobilize domestic revenue to close the gap. According to Africa’s Pulse, growth in Sub-Saharan Africa has been downgraded to 2.3 percent for 2018, from 2.5 percent in 2017.

Source: Daily Observer April 10, 2019 02:26 UTC