Monrovia – Liberia’s Finance Minister Augustine Kpehe Ngafuan has come under sharp criticism from Liberians regarding his assertion that the current state of the Liberian economy is far better than what the ruling Unity Party (UP) inherited from the then ruling Coalition for Democratic Change (CDC) government.

Addressing journalists at the Ministry of Information Culture and Tourism (MICAT) for the first time as Minister of Finance under the Joseph Boakai-led administration, Mr. Ngafuan Said despite of the many challenges that are in some areas, the current economy situation is by far better than the last regime.

“The current state of the economy, the number seems to be good and it’s getting better. It doesn’t mean that we cannot find a situation where things are not that good. On balance, the current situation is better than the last situation,” Minister Ngafuan said.

Liberia’s Finance Minister added: “I’m not telling you that if you go somewhere you would not see challenges, those are legacy issues.”

In response to the Finance Minister’s assertion, many Liberians who spoke to

FrontPage Africa (FPA) said the statement from the Finance Minister does not suit current day-to-day reality.

According to them, the astronomical decrease of the exchange rate while prices of commodities are still skyrocketing is something unbearable.