Cost of living will only reduce if Zambia grows economy – BoZ Governor
By Mubanga Mubanga
Bank of Zambia (BoZ) Governor Denny Kalyalya says the cost of living will come down in Zambia if the country grows the economy.
And the Bank of Zambia has maintained the Monetary Policy Rate (MPR) at 14.5 percent.
Speaking at the MPR press briefing yesterday, Dr Kalyalya said the only way the country would conquer the high cost of living was through economic growth.
“The cost of living won’t come down until we do these things, which is, grow the economy, have more employment generated, that is what will bring about that lower cost of living,” Dr Kalyalya said.
“But it is like we want to flip, unless now you are going to get subsidies, where is the money for subsidies going to come from? We have (to) raise money for subsidies.”
He said the government did not have money of its own saying it got money from
https://dailyrevelationzambia.com/cost-of-living-will-only-reduce-if-zambia-grows-economy-boz-governor/
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This what a lot of Zambians don’t understand…For the cost of living to come down in Zambia, you need grow the economy (GDP) through Investment.President HH has been preaching this for a long time that
we don’t need to borrow money to tantamika you and give you the money for consumption. This has landed this country in the mess we are in today. We need to plant the little seeds and wait to harvest in a big quantity for us and children tomorrow. People will appreciate HH in the near future
How can you grow the economy with no power, high fuel prices, high exchange rate etc.
How do you generate power if you don’t have the funds to construct/ develop new power plants to address growing energy demand and ensure a stable electricity supply? Without any Investment it can never happen…One step at a time my leader