{"id":8465,"date":"2022-02-01T11:18:02","date_gmt":"2022-02-01T11:18:02","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie"},"modified":"2022-02-01T12:37:57","modified_gmt":"2022-02-01T12:37:57","slug":"liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie","title":{"rendered":"Liberia\u2019s Economy Has Been Strengthened for the Last Three Years, Insists Minister Wolokolie"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>Deputy Finance Minister for Fiscal Affairs, Samora Wolokolie, has said Liberia\u2019s strong policy measures in domestic revenue and extended resource support have since developed the economy since the ascendency of President George Weah in 2018.<\/p>\n

Appearing as guest of the O.K. Morning Rush on OK. FM 99.5 in Monrovia, Minister Wolokolie said considering what the government of President Weah inherited from his predecessor Ellen Johnson-Sirleaf, it was only wise to appreciate the Liberian leader for the \u201ctremendous\u201d work he has done for the past four years.<\/p>\n

\u201cThe state of the economy is backed by empirical data. As at January 3, 2018, President Weah inherited a broke economy amounting to a total of $ 114 million United States Dollars, comprising of an 8 million that the government met in the Consolidated Account, an obligation of $ 9 million dollars to the Liberia Electricity Corporation, and a $ 65 million dollars debt that the previous administration borrowed from commercial banks for the refurbishment of streets in Sinkor,\u201d Minister Wolokolie said.<\/p>\n

\u201cPresident Weah is recording giant strides to make Liberian proud.\u201d<\/p>\n

Minister Wolokolie listed some of the key drivers of economic growth and diversification in the period to include the country\u2019s strong policy measures in domestic revenues and a better financial image it has attained with the International Monetary Funds (IMF).<\/p>\n

Minster Wolokolie promised that the Weah administration will build a more resilient economy, especially as Liberia recovers from the coronavirus pandemic that brought the world to its knees.<\/p>\n

To achieve this, he assured Liberians that the Ministry of Finance would continue to implement fiscal measures to improve the nation\u2019s domestic revenues and mobilize external funding support.<\/p>\n

According to him, there must be synergy between fiscal and monetary authorities to keep the economy on the trajectory of growth.<\/p>\n

Minister Wolokolie\u2019s statements are in reference to President Weah\u2019s recent State of the Nation Address in which he said the country\u2019s economy was \u201cstrong and stable\u201d.<\/p>\n

Addressing the joint session of the 54th Legislature in the Joint Chamber of the Capitol Building recently, President Weah declared that revenue collection for 2021, including grants, was US$646 million, compared to US$653.9 million in 2020, noting that the decline to the apparent decrease is attributable to more international Covid-related funding that was received in Calendar Year 2020.<\/p>\n

\u201cThis revenue performance was driven by higher receipts of tax and non-tax revenues, especially taxes on international trade,\u201d the President asserted.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. Deputy Finance Minister for Fiscal Affairs, Samora Wolokolie, has said Liberia\u2019s strong policy measures in domestic revenue and extended resource support have since developed the economy since the ascendency of President George Weah in 2018. Appearing as guest of the O.K. Morning Rush on OK. FM 99.5 in Monrovia, Minister Wolokolie said […]<\/p>\n","protected":false},"author":84,"featured_media":8464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-8465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nLiberia\u2019s Economy Has Been Strengthened for the Last Three Years, Insists Minister Wolokolie - Liberia<\/title>\n<meta name=\"description\" content=\"Deputy Finance Minister for Fiscal Affairs, Samora Wolokolie, has said Liberia\u2019s strong policy measures in domestic reve ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberia\u2019s Economy Has Been Strengthened for the Last Three Years, Insists Minister Wolokolie\" \/>\n<meta property=\"og:description\" content=\"Deputy Finance Minister for Fiscal Affairs, Samora Wolokolie, has said Liberia\u2019s strong policy measures in domestic reve ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-01T11:18:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-01T12:37:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/02\/img-61f9298c1b14f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"977\" \/>\n\t<meta property=\"og:image:height\" content=\"779\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Liberia\u2019s Economy Has Been Strengthened for the Last Three Years, Insists Minister Wolokolie\",\"datePublished\":\"2022-02-01T11:18:02+00:00\",\"dateModified\":\"2022-02-01T12:37:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie\"},\"wordCount\":419,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/02\/img-61f9298c1b14f.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberias-economy-has-been-strengthened-for-the-last-three-years-insists-minister-wolokolie\",\"name\":\"Liberia\u2019s Economy Has Been Strengthened for the Last Three Years, Insists Minister Wolokolie - 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