| Liberia: New Telecom Act |
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| Wednesday, 30 May 2007 | |
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The Act will update the Ministry of Post & Telecommunications Act of 1978 and redefine the Ministry as the policy-making agency of the government. The Ministry will provide guidance on policy issues relating to national budgetary and financial issues. The Act ensures that revenues for government would increase as proper taxation and licensing regimes are implemented. It also ensures that investment incentives are renegotiated and re-evaluated to reflect proper duty free privileges and tax holidays. The Act puts forward the creation of the LTA and LIBTELCO to provide employment opportunities and promote capacity building for Liberians. The Act also ensures employment benefits, to include social security, training, and the opportunity for career development and growth outside of Monrovia. The New Telecommunication Act also guarantees universal access by ensuring that all communities have access to communication networks and participate in the socio-economic growth of the country. The act also promotes affordable prices by relating price levels to the cost of living. For consumer protection, the act ensures that prices are affordable and fair based on the cost of living and other economic indicators. The Act enforces the Consumers' Privacy Act currently established in law, and provides avenues for consumers to complain and have problems resolved. Source: The Inquirer - WDR/Intelecon Regulatory News. |