By: Alphanso G. Kalama,
Email: alphansokalama@gmail.com
Monrovia, Liberia — Augustine Kpehe Ngafuan, the designate for Liberia’s Minister of Finance and Development Planning, laid out his strategic economic plan during his confirmation hearing before the Liberian Senate, with an emphasis on accountability and strategic planning. Ngafuan expressed his gratitude to President Joseph Nyuma Boakai for the nomination and outlined his vision for the ministry.
Ngafuan’s speech addressed the need for effective resource allocation and the development of a credible national agenda. He emphasized the importance of the ARREST Agenda for Inclusive Development (AAID).
“One of my top priorities will be to drive the process to its logical and timely conclusion for the formal launch of the new development agenda.” he noted.
Revenue generation was another focal point of Ngafuan’s plan, proposing several strategies to boost resources, including improving infrastructure and supporting agriculture.
To address revenue challenges, Ngafuan outlined a comprehensive strategy that includes improving energy infrastructure, supporting agriculture, and enhancing revenue from mining and other sectors. “We must take more robust and sustained action to address the binding constraints to economic growth,” he explained. His approach aims to unlock Liberia’s economic potential through targeted investments and reforms.
Debt management was further featured prominently in Ngafuan’s address. He acknowledged the risks associated with Liberia’s current debt levels and committed to prudent financial practices.
“Prudent and disciplined debt management is not an option; it is a must,” he stated, underscoring the need for responsible borrowing and effective debt servicing.
Ngafuan concluded with a call for collaboration and informed leadership. “I will seek to benefit from the wisdom of Liberians and friends of Liberia both at home and abroad,” he said.
