Liberia: Can Gold Industry Save Liberia’s Economy?

Samuel W. Thompson – Liberian economist believes proper sector management can do the trick

Liberia faces escalating economic crisis which is severely impacting the ability of most Liberians to make ends meet daily. President Weah, in response to the economic meltdown has announced that his government is crafting policies and strategies to address the current economic malaise which he will announce in the not too distant future. And there has been no shortage of ideas and suggestions proffered by various individuals as recommendations which, if implemented could provide solutions to the problems.

Among those who have proffered solutions is former Deputy Governor of the Central Bank of Liberia, Samuel Wonwi Thompson, who claims the crippling effects of the economic downturn can be mitigated if the government can rigorously regulate and manage the extractive industry, especially the gold industry.

At a press conference in Monrovia yesterday, Mr. Thompson called on…

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