06/01/2026
Former Assistant Minister at the Ministry of Finance Benedict Kolubah ✍️✍️✍️👇
Dr. Tenny, Tweah was Right!!!!
Dr. Tenny, I have chosen to close the debate with clarity and purpose by using the 2017 and 2023 handovers of three major macro indicators as the decisive benchmarks. My aim goes beyond disproving your argument to providing learning opportunities for students and practitioners alike.
Here is the fact: there was a sharp deterioration from 2012 to 2017, before the Unity Party handed over to the CDC in 2018. According to the Central Bank of Liberia's 2012 report, GDP growth was at 9.9 percent, but it declined to 2.5 percent in 2017, representing a 74.7% decrease. Inflation surged from 6.9% in 2012 to 12.5% in 2017, rising about 81.2%. Real GDP moved from about $800m to $900m, a 12.5% change. These shifts left the incoming CDC administration with a low-growth, high‑inflation starting point that demanded urgent corrective action.
The better story is, the CDC engineered a measurable recovery with GDP growth rising from 2.5% in 2017 to 4.6% in 2023 consituting about 84.0% increase as opposed to 74% decrease of the Unity Party from 2012-2017. The CDC eased inflation from 12.5% in 2017 to 10.1% in 2023. Equally striking, nominal GDP expanded from $900 million in 2017 to $3.6 billion in 2023, an increase of $2.7 billion or 300% rise. These figures show regained momentum in output and a meaningful scaling of the economy’s nominal size. Interesting, this is the record of Minister Tweah against three others inckuding Ministers Augustine K. Ngafuan(2012), Amara M. Konneh(2012-2016), and Boima S. Kamara (2016-2018).
So, Dr. Tenny, judging strictly by the two handover benchmarks of 2017 and 2023, the economy handed over in 2023 by CDC was healthier than the one handed over in 2017 by the UP. So, Tweah was not just RIGHT, but also his record has defeated three Ministers that served before him and may defeat those coming after him up to 2029.