In a strong rebuke against unethical business practices,
Commerce Minister Magdalene Ellen Dagoseh, has warned businesses that are “unjustly inflating commodity prices under the guise of the ongoing conflict in the Middle East to stop, or else risk the lawful closure of entities.
Madam Dagoseh’s warning was contained in her interview with the Liberia Broadcasting Corporation (ELBC) on Monday, April, 4 2026.
The warning came amidst rising public outcry over the increasing cost of essential goods and services in the country.
Madam Dagoseh said, the majority of goods currently available on the market were imported prior to the onset of the Middle East conflict, and therefore, should be sold at their ‘original prices.’
“It is misleading and unacceptable for businesses to exploit the situation by using the Middle East conflict as an excuse to raise prices.”
She said, the warning is a timely reminder that price gouging; defined as the practice of raising prices on essential goods during a crisis, can have serious repercussions.
Madam Dagoseh specified that businesses found to be unlawfully inflating prices would face significant penalties.
“The government is committed to protecting consumers from exploitation, and will continue to monitor the market closely.”
This announcement follows a period of rising prices for essential items, which has sparked widespread concern among Liberians.
Many citizens have expressed frustration, and have meanwhile, called for more stringent enforcement of regulations against unfair trade practices.
The public sentiment has been clear: they demand accountability and fairness in the marketplaces.
Madam Dagoseh’s statements reflect government’s proactive stance in addressing economic challenges, and ensuring that citizens are not taken advantage of during turbulent times.