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Liberia: Finance Minister Tweah’s Output Underpins Lack of Progress Tackling Ailing Economy, Says Multiple Experts

It’s no doubt that Liberia’s economic quagmire which threatens the Government of the Coalition for Democratic Change (CDC) of President George Weah was brought about by massive corruption and wrong economic policies of former ruling Unity Party of President Ellen Johnson-Sirleaf, but multiple diplomatic sources and economic experts also agree that the lack of confidence in the country’s Minister of Finance and Development Planning Samuel Tweah is compounding the situation. Concord Times editor, J. Lyndon Ponnie reports. In the view of the experts, it is only when people have confidence in the economy and those who manage it that the public feels secure in their jobs, spend more, and are optimistic. In the same vein, when people lack confidence in the economy and those who…

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Nigeria: Reps tasks FG to name hospital after Dr. Adadevoh

The House of Representatives has urged the Federal Government to honour the Heroic act of late Dr Stella Adadevoh who died while preventing the spread of the Ebola virus in 2014. Dr. Adadevoh and other staff of First Consultants Medical Centre helped to prevent Dr. Patrick Sawyer, a Liberian-American diplomat who entered Nigeria while carrying the deadly disease from spreading the virus. Sayer was quarantined by Dr. Adadevoh but she paid the ultimate price.The decision to name a prominent medical institution in Lagos after Dr. Adadevoh followed a motion moved by Kayode Akinolu on Tuesday during plenary. Akinolu in his motion noted that the action of Dr. Adadevoh saved the country from calamity which the Nigerian health care sector was not prepared for, and urged…

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A dramatic reversal splinters Trump’s impeachment defense

Washington (CNN)President Donald Trump’s impeachment defense is being stripped away plank by plank by some of the administration officials caught up in his scheme to pressure Ukraine for political favors. A dramatic reversal by Republican donor turned diplomat Gordon Sondland, who now says that a quid pro quo was needed from Kiev to free up military aid, rocked Washington Tuesday and undercut GOP strategy. In testimony released by impeachment investigators, the US ambassador to the European Union also testified that he assumed it would be “illegal” for Trump’s fixer and personal attorney Rudy Giuliani to push Ukraine to investigate the President’s political opponents. Sondland’s adjusted testimony did much to dismantle the President’s core and repeated defense: that he did not hold up aid to Kiev…

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Liberia: Civil Society Group Wants Prof. Tarpeh Appointed Governor of CBL

The National Intelligentsia Youth Movement (NAIYM) has congratulated President George Manneh Weah for initial steps taken to restructure the Central Bank of Liberia but urges the President to move swiftly to complete the CBL restructuring exercise that requires the like of Prof. Wilson K. Tarpeh to come on board. The Movement in a statement said it is pleased that pursuant to President Weah’s declaration months ago that he would restructure the Central Bank of Liberia towards improving the Liberian monetary and fiscal space he has taken delivery from a letter of resignation from former Executive Governor Nathaniel Patray. That Mr. Patray, who served barely a year, was targeted for resignation towards restructuring the CBL confirms widespread suspicion that the Bank or its leadership constitutes the…

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IMF’s LIBERIA STAFF REPORT FOR THE 2019 ARTICLE IV CONSULTATION

The IMF reports says Liberia remains a fragile, post-conflict country with weak capacity and limited physical and human capital accumulation. External assistance to Liberia is winding down from its peak in 2016. To address pressing needs, the government launched its Pro-Poor Agenda for Prosperity and Development (PAPD), focusing on physical and human capital accumulation. Policy uncertainty and slippages, however, imposed a significant toll on the economy over the past two years. Particularly, higher fiscal deficits and accommodative monetary policy have led to rapid depreciation of the Liberia dollar and increased inflation, eroding the purchasing power of the poor. Outlook and Risks. The near- and medium-term outlook under the baseline scenario is challenging. Growth is projected to slow further to about 0.4 percent in 2019 and…

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US: Trump switches permanent residence from New York to Florida

US President Donald Trump said on Thursday he will be making Palm Beach, Florida, his permanent residence instead of his Trump Tower apartment in New York City. Trump has owned the Mar-a-Lago estate in Palm Beach since 1985 and has spent more time there during his presidency than at his penthouse apartment on Fifth Avenue in New York. “My family and I will be making Palm Beach, Florida, our Permanent Residence,” Trump said on Twitter. “Despite the fact that I pay millions of dollars in city, state and local taxes each year, I have been treated very badly by the political leaders of both the city and state,” he said, referring to New York. A life-long New Yorker, Trump was raised in the city’s Queens…

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Ghana Plans to Ban Rice, Poultry Imports

Rice importers would be ordered to cease their trade in three years if everything goes as planned, Ghana’s Agric Minister, Dr. Owusu Afriyie-Akoto, has said. The same applies to persons who import poultry products. The policy, if implemented would also be similar to the situation with Nigeria, its neighboring country. Afriyie-Akoto said the government was working fervently to “establish the local capacity” to meet demand. Speaking on JoyNews’ PM Express programme on Wednesday, he said this should be completed in the next three years. After that, merchants would be expected to trade with local farmers. Currently, most of the rice consumed locally comes from overseas. Deputy Trades Minister, Robert Ahomka Lindsay had previously said rice importation alone takes 82 per cent of all imports into…

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Guinea counter-rally backs president’s constitutional bid

Tens of thousands of people have rallied in favor of Guinea’s President Alpha Conde, pictured with Russian President Vladimir Putin October 24, 2019 Tens of thousands of Guineans rallied in support of President Alpha Conde on Thursday after two weeks of violent protests against the leader’s suspected bid to prolong his rule claimed around 10 lives. Communication Minister Amara Sompare said 45,000 people turned out to greet Conde, 81, on his return from a trip abroad, which the minister said proved that the president has wide backing for his push for a new constitution. The pro-Conde rally was a response to a protest that saw hundreds of thousands take to the streets a week ago, according to local journalists. Organisers put the turnout for that…

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Egypt to face Liberia in a Friendly 7 November ahead of 2021 AFCON qualifiers

The Egyptian Football Association (EFA) announced late Wednesday that the Pharaohs will face Liberia in a friendly 7 November at Borg El-Arab Stadium as a part of the team’s preparations for the 2021 Africa Cup of Nations qualifiers. Egypt will start the qualifiers facing Kenya and Comoros on 14 and 18 November respectively. National team director Mohamed Barakat revealed that EFA reached an agreement with the Liberian Football Association to play a friendly as it was the only team available. Most African teams are busy preparing themselves for the AFCON qualifiers. Pharaohs new coach Hossam El-Badry earlier requested of EFA to play a friendly in order to better prepare, especially for domestic players chosen in his squad for the qualifiers. El-Badry led the team in…

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Youngsters raise thousands for school in Liberia

By Kirsty FeerickReporter Auchinleck Academy raised more than £2,000 during their fund-raising day on 11th October to complete their aim to support Jebbeh Kiazolu School in Liberia for their third year of the school feeding programme. Over £4000 has been raised to achieve this! This means that the 301 pupils will be given a nutritious meal at school, and be able to concentrate on their lessons – for most it will be the only meal of the day! Auchinleck Academy and Mary’s Meals are very grateful to the support of the local community. Over one hundred Auchinleck Academy pupils completed a sponsored walk to Dumfries House, and the remainder of the school supported with a sponsored silence within the school. Jebbeh Kiazolu Public School in…

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All Liberia Party Standard Bearer Benoni Urey speaking to media executives at his residence in Careysburg.

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