The Executive Governor of the Central Bank of Liberia (CBL), Henry Saamoi, has attributed the recent decline in local food prices to the government’s ongoing road rehabilitation efforts in rural parts of the country.
Speaking during the official release of the Monetary Policy Communiqué for the just-ended quarter of 2025, Governor Saamoi said improved road connectivity has made it easier for farmers to transport their produce to market centers, thereby reducing delays and post-harvest losses.
“We have noticed a decrease in domestic food prices. The prices of local foods have reduced, and we must commend the central government’s efforts in road connectivity,” Governor Saamoi declared.
He emphasized that timely access to markets allows farmers to deliver fresh produce, which, in turn, contributes to a decline in prices across local markets.
The CBL Governor further disclosed that this trend is contributing to a drop in the country’s overall inflation rate.
“As a result of that, we saw an improvement in the inflation; inflation adjusted from 12.5 percent to 11.1 percent. And as per review by my team, the inflation is down to 9.9 percent as of June,” Saamoi stated.
The Governor’s remarks highlight the broader economic impact of infrastructure development in fostering market efficiency and easing the cost of living for ordinary Liberians.
