01:53 am - Wednesday 21 November 2018

Prices of commodities to go up

By Amalawi - Mon Feb 11, 11:00 am

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Consumer analysts in Malawi are predicting a huge increase in commodity prices due to the increase of fuel. The price of fuel was increased by 14.5% on the 9th February; analysts predict a trickledown effect in the supply chain.

 

“Everything will cost more in Malawi since the country only relies on petrol and diesel. There is no other means of transporting goods in Malawi hence the increase in petrol is deemed damaging to the economy. All Malawians will be squeezed out of their pocket at the time when the government is failing to increase salaries of civil servants” said an agitated analyst

 

price commodities

price commodities

Malawi is undergoing a great deal of change; the change has and is still causing suffering among ordinary Malawians. The average Malawian is no longer able to afford a portion of meat a month; instead Bonya (toad-poles) is the only life saver. Employers in the country are refusing to increase the pay of their workers.

 

Economic analysts have blamed  the bad economic management of the current government of Joyce Banda. Analyst are believe Malawi is being governed by proxy, IMF is running Malawi just like Greece.

“As a country we are heading down hill, we are worse than Greece and furthermore we do not have the support that Greece have, how is Malawi going to be like in three year time?”

Malawi needs creating and African based economic policies which will help and support the people of Malawi and not enrich IMF

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