Freetown, Sierra Leone – The Minister of Trade and Industry has expressed gratitude to rice importers for their cooperation and support in the development of a Pricing Formula (PF) that regulates wholesale rice prices nationwide.
The Minister noted that this collaborative achievement underscores the importance of public-private partnerships in ensuring market stability, transparency, and accountability.
Over the past eight months, the Ministry has also worked closely with Oil Marketing Companies (OMCs) to create and implement a pricing formula for petroleum products, marking a historic milestone for Sierra Leone. This initiative is part of the Ministry’s broader effort to ensure equity and accountability in the trade of essential commodities.
In a related development, the Ministry announced plans to publish pricing formulas for other essential goods in the coming weeks. These measures aim to foster a structured and sustainable trade environment that balances the interests of consumers and businesses.
The Ministry reaffirmed its commitment to enhancing market efficiency, promoting fairness, and supporting economic growth. Officials extended their appreciation to all stakeholders for their continued cooperation and encouraged further engagement in the months ahead.
For more information, the public is encouraged to stay tuned for updates from the Ministry of Trade and Industry.
