Monrovia – Liberia’s Commerce Minister Prof. Wilson Tarpeh has told the House of Representatives that the hike in the foreign exchange rate is having a trigger down effect on the reduction in the price of rice – the country’s stable food. The Commerce Minister and officials of the Rice Importers Association of Liberia were cited by the House of Representative to state whether the agreement entered between the rice importers and President George Weah is being implemented. Appearing before the plenary alongside officials of the Association of Rice Importers on Tuesday, May 1, Minister Tarpeh confirmed that the rice importers are living up to their agreement with the President. He said although the implementation is in full swing, only wholesalers are benefiting from the reduction while retailers are not due to the foreign exchange crisis. And this is either because of the exchange rate,” he said.

Source: Front Page Africa May 02, 2018 05:26 UTC