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US Dollar Rate Soars in Ganta

first_imgGanta exchange continues to climb daily.The exchange rate between the US dollar and the Liberian dollar is rising again, from L$134-6 to US$ 1, in the commercial city of Ganta, Nimba County.The rise of the US$ rate against the Liberian dollar is creating concern among citizens, who recently expressed happiness when the rate dropped below L$120.“Things are getting tough every day and they are not even buying,” said Tantee, a fried plantain seller.“The continuing inflation in the US rate is the chief cause of high prices in both goods and transportation fares,” said a petite trader in Ganta.The streets of Ganta are, however, calm and the movement of goods and services is slow.In most of the stores, the buying rate is around L$136 to US$1, while the selling rate is around L$139 to US$1, which many say the government should find a way to stabilize.“Despite the high rate, we are not even getting the US dollar,” said one Peter, a moneychanger in Ganta.Ganta main business street was seemed very empty during rush hours (4- 6pm)In a similar development, the movement of goods and services at the Ganta border has also slowed down because of what many business people referred to as “too much bureaucracy at the border.”Ganta is one of the busiest commercial cities in Liberia, connecting the country to both Guinea and the Ivory Coast. It is also the meeting point for those traveling to the southeastern parts of Liberia.At present, there is no fixed transportation fare along the Ganta – Monrovia and Ganta – Zwedru highways. The fare was L$500 from Ganta to Monrovia, but it had recently risen to L$800.Ganta to Zwedru is about L$2,500 up from L$2,000 recently.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


first_imgMickey Harte has made two changes to the Tyrone team to face Donegal in Sunday’s mouth-watering Ulster Football Championship semi-final in Clones.The anticipation to the game is now white hot with many feeling Sunday’s clash will be the ultimate test to see how far the new-look Donegal side has really come.The Tyrone boss has admitted Donegal are the in-form side but will have done his homework on ways of dismantling McGuinness’ team. Joe McMahon comes into the Tyrone team following a lay off due to a broken jaw sustained while playing for his club Omagh St Enda’s in a club match in April.He replaces Cathal McCarron, with Kevin Hughes taking over from for Aidan Cassidy, who suffered an ankle injury in a recent club outing.Donegal boss Jim McGuinness is in the unlikely position of having an injury-free panel to choose form.The only dilemma he would appear to have it whether to play Glenfin man Frank McGlynn from the start now that he is back to full fitness. The Tyrone team is – Pascal McConnell , Martin Swift , Joe McMahon, Ryan McMenamin , Davy Harte, Conor Gormley, Philip Jordan, Kevin Hughes, Sean Cavanagh, Brian Dooher, Brian McGuigan , Peter Harte, Martin Penrose , Stephen O’Neill , Mark DonnellySubs: John Devine, Aidan Cassidy, Colm Cavanagh, Kyle Coney, Cathal McCarron, Damian McCaul, Aidan McCrory, Tommy McGuigan, Justin McMahon , Owen Mulligan, Sean O’NeillHARTE MAKES TWO CHANGES TO TEAM AS COUNTDOWN TO ULSTER SEMI-FINAL REACHES CLIMAX was last modified: June 23rd, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Jim McGuinnessmickey harteUlster Championship semi-finallast_img read more