By: Jacob Kermue
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jacobkermue4@gmail.com
A renowned businessman Morgan A. David is calling on the Government of Liberia through the Ministry of Commerce to take action to help rice sellers maintain the recent price reduction through loan provisions.
During an interview with DN-News Liberia , the well known businessman said that the recent reduction made in the sale of rice has provided relief to consumers in Gbarnga and beyond.
David celebrated the recent decline in rice prices, which had previously reached around 3,300 Liberian dollars per bag. Some retailers were charging as much as 3,400 dollars.
He said everyone is happy about the price of rice and praised the Liberian government, under President Joseph Nyamah Boakai, for this positive change.
However, David told a journalist that current prices remain inconsistent across different markets. Wholesale prices fluctuate between 3,000 and 3,200 Liberian dollars.
He noted that while some sellers have adjusted their prices, others have not, which could weaken the benefits of the government’s efforts.
The businessman pointed out that rice prices in Gbarnga vary significantly and are not stable. He explained that rice sellers have worked hard over the past years to build their businesses’ reputation by selling rice at reasonable prices. They strive to ensure that any benefits from suppliers are passed on to customers.
David stressed the importance of empowering local rice sellers through government support, especially with loans that could help stabilize prices and ensure consumers benefit from reductions.
He said it is important for President Boakai’s government to recognize the role of rice sellers, stating that when prices drop, those savings should reach the common people.
David also noted that even though rice prices in Gbarnga have dropped, some sellers in urban areas like Monrovia are not passing on the savings to consumers. This situation has raised concerns about fairness in the market.
Reflecting on the broader economic situation, David expressed hope that the government would continue to implement measures that support local businesses and strengthen food security.
“If we want to stabilize rice prices, we need to look into local farming initiatives,” he suggested. He advocated for a strategic approach to reduce reliance on rice imports.
David reaffirmed his commitment to ensuring that all customers benefit from lower rice prices. He emphasized that sustainable business practices can positively impact the local economy.
“We are here to support the government’s agenda, and we want to ensure that every price reduction translates to real benefits for the people,” he said.
He made these statements on June 18, 2025, in Gbarnga.
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