Monrovia — President Joseph Nyuma Boakai has expressed deep concern over the rising cost of basic commodities on the Liberian market, calling it a persistent burden on ordinary citizens.

Speaking during Liberia's 178th Independence Day celebration, President Boakai cited essential items such as flour, sugar, and building materials as being unaffordable for many Liberians, despite a decline in global input costs.

"While our country and economy are making steady progress, our domestic revenue remains limited, and families continue to feel the weight of high prices," President Boakai said.

He noted a troubling contradiction in the market: "This contradiction--where input costs have fallen yet market prices remain high--requires urgent attention."

To address the situation, President Boakai announced the establishment of a high-level presidential committee to investigate the price disparities and recommend practical solutions.

"The commission will be chaired by someone I trust dearly--a dedicated public servant and an experienced businessman, Vice President Jeremiah Kpan Koung," he said.

President Boakai added that the committee has been given a 45-day deadline to submit a comprehensive report with clear recommendations aimed at restoring fairness and stability to the country's market system.