As the Liberian economy takes a downward trend with high inflation and cost of living, a Liberian prelate Rev. Adolphus B.B. Capehart has called on the Coalition for Democratic Change (CDC) government to institute radical economic measures to safe the economy.
In his remarks at a local intellectual center in Virginia outside Monrovia, Rev. Capehart said the CDC government must graduate to a single currency regime if they are to reverse the current economic trend and give hope to the ordinary people.
He divulged “let us not fool ourselves. A country with dual currency cannot balance its economy. The lower people are transacting in Liberia dollars while the big shots have US dollars this is one major issue. There should be a single currency that runs across. Now is the time that we make the decision on what currency to use. We need to also properly regulate the money exchange bureaus around the country”.
He then stressed that some of the current problems the country is faced emulate from the legislature. “We have a group of legislators who are not properly doing their jobs. As direct representatives of the people, it is the responsibility of legislators to take siege of critical matters which have bearings on national security and peace”, he said.
He mentioned “people who are dissatisfied with government channel their grievances to legislators they elect. We need to start going to our lawmakers when we have concerns about national leadership. And our lawmakers too must ensure our petitions are advanced. This is one way we know those we elected are working on our behalf”.
Over the past years, he indicated corruption has ruined Liberia. “It is even evidenced during our electoral process when people are proudly moving people from one district to another. We expect that the National Elections Commission (NEC) begins the process of sensitizing our people against this ugly act. Our election system is so easily infiltrated by aliens. And this is unacceptable”, he said.