{"id":89122,"date":"2026-04-08T13:50:16","date_gmt":"2026-04-08T13:50:16","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks"},"modified":"2026-04-08T13:58:44","modified_gmt":"2026-04-08T13:58:44","slug":"ngafuan-discusses-strategies-to-shield-liberia-from-shocks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks","title":{"rendered":"Ngafuan Discusses Strategies to Shield Liberia from Shocks"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>Finance and Development Planning Minister Augustine Kpehe Ngafuan has shared a comprehensive overview of Liberia\u2019s economic strategies to mitigate the effects of global shocks, highlighting proactive planning, fiscal discipline, and strategic domestic revenue mobilization.<\/p>\n

Speaking during a live broadcast on OK FM 99.5, the Minister\u2019s reflections coincided with his 56th birthday, offering Liberians a rare window into both his personal journey and his approach to national economic management.<\/p>\n

\u201cNormally birthdays are a time to reflect and give thanks,\u201d Minister Ngafuan said. \u201cI retreat, pray to God, and take stock. Getting an extension on life\u2019s lease is by grace, not merely by one\u2019s brilliance. Those who have transitioned from mortality into immortality\u2014some of them were smarter, some of them stronger\u2014but it comes through the grace of God. Reflection is important, not just for me personally, but for the responsibility I carry in government.\u201d<\/p>\n

Ngafuan used the occasion to discuss Liberia\u2019s impressive economic accomplishments despite significant challenges, emphasizing the role of domestic revenue generation in shielding the country from external shocks. \u201cIn 2025, despite tremendous odds, we recorded Liberia\u2019s highest domestic revenue collection at over $840 million, surpassing the $700 million collected in 2024,\u201d he said. \u201cThis achievement reflects the resilience of our economy and institutions, even amid unforeseen global challenges and aid reductions.\u201d<\/p>\n

The Minister cited the abrupt withdrawal of aid from USAID, Liberia\u2019s second-largest donor, as a significant shock to the national economy. \u201cUAID had more than 29 active projects, ranging from agriculture and education to health and school feeding programs. When most of those projects were shut down, we lost over $300 million in aid. That was a huge shock, but thanks to a good captain\u2014President Volcker\u2014and a strong economic team, we were able to re-strategize, work hard, and keep the economy on track,\u201d Ngafuan explained.<\/p>\n

He praised the collaborative efforts of revenue-generating agencies, stating that the Ministry of Finance is not alone in its efforts. \u201cThe Ministry of Finance contributes to revenue directly through policies, but the real work comes from agencies like the National Revenue Authority and other government entities. They ensure we meet targets, and that is why we broke historic revenue records in consecutive years,\u201d he said.<\/p>\n

The discussion quickly turned to the ongoing global shocks, including rising fuel prices linked to conflicts in the Middle East, which have had a ripple effect on Liberia\u2019s economy. \u201cWe are not immune to global developments, particularly in petroleum. The war in Iran, for example, has sent reverberations through international oil markets. Liberia, as an oil-importing country, is directly affected,\u201d Ngafuan said. \u201cThe government, LPRC, the Ministry of Commerce, and the Ministry of Transport are closely monitoring developments. Our priority is to ensure the availability of petroleum products, even in turbulent markets.\u201d<\/p>\n

Ngafuan also outlined the measures being implemented to mitigate the economic impact on essential services and the general public. \u201cWe are intervening in critical sectors. For instance, the National Transit Authority has been carefully monitored to prevent unnecessary increases in transportation costs. Hospitals impacted by fuel shortages and rising costs will also receive support. Our economists are working diligently to put interventions in place to ensure stability across all sectors,\u201d he said.<\/p>\n

Despite these challenges, Ngafuan expressed confidence in Liberia\u2019s projected growth for 2026. \u201cWe projected a growth of about 5.6% and a national budget of $1.2 billion. These figures reflect our confidence in the country\u2019s economic resilience. Yes, there are exogenous shocks\u2014events beyond our control\u2014but through proactive planning, we can navigate these challenges,\u201d he emphasized.<\/p>\n

Beyond economics, the Minister shared personal reflections on the experiences that shaped his disciplined approach to life and public service. Born in Monrovia near the old maternity hospital on the bypass, Ngafuan grew up in Logan Town and later spent formative years in Lofa County. His father, Dennis Ngafuan, worked as a supervisor at Ducor Palace Hotel, while his mother, Manan Ngafuan, had limited formal education. \u201cMy father valued education despite not finishing high school, and my mother sacrificed so much to support our studies. They instilled discipline, the importance of knowledge, and strong moral principles,\u201d he said.<\/p>\n

Ngafuan recounted early experiences with responsibility and community. \u201cGrowing up in a family with two mothers, I learned humility and respect. My stepmother was so close to me that I was considered her son. Family unity, respect for elders, and commitment to one\u2019s word were part of our upbringing. Even as a child, I was taught to read newspapers, understand national events, and follow the news,\u201d he said.<\/p>\n

He spoke candidly about his formative years and early ambitions. Soccer was a passion that almost diverted him from academics. \u201cI played football in Logan Town and dreamed of joining the national team. I played alongside Jonah Sawyer and Fofi Kamara, both of whom eventually made the national team. But my parents encouraged me to continue my education, which shaped the path I took in life,\u201d he recalled.<\/p>\n

Ngafuan also reflected on his early religious upbringing, which influenced his values and discipline. \u201cAt age 12, I committed not to drink or smoke because of the Christian principles taught in our Bible study group. I have carried those commitments throughout my life. Even when confronted with challenges, faith and discipline have guided my personal and professional journey,\u201d he explained.<\/p>\n

He shared how national events shaped his political and civic consciousness from an early age. \u201cThe 1980 coup d\u2019e\u0301tat was a watershed moment. I was very young, but it made me curious about national affairs. I began reading newspapers, following the news, and asking questions beyond my age. That curiosity evolved into a commitment to public service and contributed to my focus on national development,\u201d Ngafuan said.<\/p>\n

Despite the personal and professional pressures, the Minister emphasized collective responsibility in managing the economy. \u201cIt is not only the Minister of Finance or the President who ensures economic stability. It requires coordination among government agencies, institutions, and citizens. Together, we can navigate global turbulence and maintain Liberia\u2019s growth trajectory,\u201d he said.<\/p>\n

Concluding the conversation, Ngafuan reaffirmed the government\u2019s commitment to proactive economic planning. \u201cWe are preparing for the worst while hoping for the best. By monitoring global developments, implementing timely interventions, and strengthening domestic revenue generation, Liberia can shield itself from external shocks and continue to grow. Our focus remains on protecting the Liberian people and ensuring sustainable development,\u201d he said.<\/p>\n

Minister Ngafuan\u2019s reflections offered Liberians a blend of personal insight and strategic foresight, demonstrating how discipline, preparation, and collaboration are central to both personal success and national resilience. His strategies underscore the importance of domestic resource mobilization, careful fiscal management, and proactive interventions to ensure Liberia remains resilient in an unpredictable global economy.<\/p>\n

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

Africa-Press – Liberia. Finance and Development Planning Minister Augustine Kpehe Ngafuan has shared a comprehensive overview of Liberia\u2019s economic strategies to mitigate the effects of global shocks, highlighting proactive planning, fiscal discipline, and strategic domestic revenue mobilization. Speaking during a live broadcast on OK FM 99.5, the Minister\u2019s reflections coincided with his 56th birthday, offering […]<\/p>\n","protected":false},"author":84,"featured_media":89121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,5],"tags":[234],"class_list":["post-89122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-economy","tag-liberia"],"yoast_head":"\nNgafuan Discusses Strategies to Shield Liberia from Shocks - Liberia<\/title>\n<meta name=\"description\" content=\"Finance and Development Planning Minister Augustine Kpehe Ngafuan has shared a comprehensive overview of Liberia\u2019s econo ...\" \/>\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\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ngafuan Discusses Strategies to Shield Liberia from Shocks\" \/>\n<meta property=\"og:description\" content=\"Finance and Development Planning Minister Augustine Kpehe Ngafuan has shared a comprehensive overview of Liberia\u2019s econo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks\" \/>\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=\"2026-04-08T13:50:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-08T13:58:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2026\/04\/sm_1775644053.216382.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"997\" \/>\n\t<meta property=\"og:image:height\" content=\"523\" \/>\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=\"6 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\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ngafuan Discusses Strategies to Shield Liberia from Shocks\",\"datePublished\":\"2026-04-08T13:50:16+00:00\",\"dateModified\":\"2026-04-08T13:58:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks\"},\"wordCount\":1136,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2026\/04\/sm_1775644053.216382.jpg\",\"keywords\":[\"Liberia\"],\"articleSection\":[\"all news\",\"community\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-discusses-strategies-to-shield-liberia-from-shocks\",\"name\":\"Ngafuan Discusses Strategies to Shield Liberia from Shocks - 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