CAPITOL HILL, Monrovia — Montserrado County Senator Amara M. Konneh has acknowledged Liberia’s economic growth under the Boakai administration while warning that ordinary citizens are yet to feel the full benefits of the country’s improving economic indicators.
Speaking during a plenary session of the Liberian Senate, Senator Konneh commended President Joseph Nyuma Boakai and his economic management team for the country’s reported economic growth, which he said increased from 4 percent in 2024 to 5.1 percent in 2025 and has now reached 5.5 percent.
The senator also acknowledged the government’s reported collection of US$1 billion in revenue, crediting the Legislature, particularly the Senate, and the role of Chairman Mui in contributing to that achievement.
“The numbers are correct. The economy has grown under this government, from 4% in 2024 to 5.1% in 2025 and now 5.5%. That is respectable, and I commend the president and his economic team for this,” Konneh stated.
However, despite the positive economic figures, Konneh expressed concern over the continued high cost of goods and services, noting that the decline in reported inflation has not translated into meaningful relief for ordinary Liberians.
According to him, while the Central Bank’s figures indicate a reduction in inflation, many citizens continue to struggle with high prices and the rising cost of living.
“At the Central Bank, inflation has gone down on paper, but prices are still high. So, the people are also right about what they are saying. They are not feeling the benefits,” he said.
Senator Konneh explained that the disconnect between economic growth and the public’s daily experiences requires closer examination, emphasizing that positive macroeconomic indicators do not automatically translate into improved living conditions for citizens.
He argued that the relationship between gross domestic product (GDP) growth and inflation is critical to understanding why many Liberians are not experiencing the benefits of the country’s reported economic progress.
Konneh stressed that the government and the Legislature must look beyond headline economic figures and focus on ensuring that economic growth produces tangible improvements in the lives of ordinary people.
He consequently called for stronger legislative oversight of the economy, urging lawmakers to intensify their scrutiny of economic policies and outcomes to ensure that national growth translates into better living standards.
“So, we need to find a way to increase our oversight of the economy,” Konneh emphasized.
His remarks highlight the growing importance of ensuring that Liberia’s reported economic progress is reflected in the purchasing power, welfare, and everyday experiences of its citizens.