UPND GOVT URGED TO SEEK HELP FROM PF ON MANAGING FAILING ECONOMY
By Conrad Mwango
Economist Kelvin Chisanga says the UPND government should identify certain individuals that were in-charge of running the economy under the patriotic front regime and consult them on how they managed to stabilize the economy.
Mr. Chisanga observes that it is a fact that Zambia’s current economic situation is not in good shape.
In an interview with Phoenix News, Mr. Chisanga observes that there are some policies during the previous regime that saw the economy performing better than now hence the need to consult those that were in-charge.
He says with the ailing economic situation, politicians must put aside their political interests and focus on addressing factors leading to the deteriorating economy that is affecting citizens.
Owing to the deteriorating economic fundamentals in the country, inflation keeps souring while the exchange rate has also weakened further with the kwacha trading at over K27 to a US Dollar.
PHOENIX NEWS
This gentleman is a joker. What advice can PF give? How to dig the deepest debt hole? They got us into this mess in the grist place by over over borrowing and stealing the loan funds. They got stinking rich from the stolen funds and this gentleman thinks they have got the answer to the mess they created? Why did they default on debt payment in 2020 if they are so smart?
PF is a gathering of totally shameless individuals with zero moral sense. Ruthless plunderers whose philosophy is “Uubomba mwibala alya mwibala”.
The UPND government is trying very hard to clean up the mess you left.
Mr Chisanga is clearly a joker. The Pf between 2016:-2021 had the highest turnover of Minister of Finance since independence in Chikwanda , Mwanakatwe, Mutati and Ngandu. If this wasn’t failure and lack of consistency then what is it? The economy moved from bad to worse with no possible hope of any improvement. It’s amazing that in all these difficulties Mr Chisanga was seeing significant good. Was he living in Zambia ? Major Mining companies were leaving the country, a good number of south African retail shops left the country and in all these Mr Chisanga was seeing a booming economy? Mr Chisanga must be serious with life and stop whatever he is consuming .
Mr.Man what do you mean when you say there were some policies in PF.can you point out which ones? or maybe you leave it for us to guess? Then answer is none.we are aware that you are a cadre trying to feed your belly.
Whichever university awarded this man his academic qualifications as an economist should revoke it because clearly he does not deserve it. Which policies did the former administration have which was good for the country because all economic indicators were going down, talk of inflation, economic growth, value of exports, debt went to unsustainable levels to mention just a few so I don’t know what economic factors which were positive which this man is talking about. If he means prices of commodities, those prices were kept artificially low by the debt which was not paid and the debt is what resulted in some of the negatives we are seeing now . They left debt on fuel and electricity but it’s the current administration which is cleaning up the mess and this man want these people to be consulted, does he realize how absurd that sound. It’s like someone taking pain killers and thinking they are doing ok when in fact the desease is slowly getting worse such that at some point even the very pain killers will stop working if the disease is not treated properly and in time. Furthermore, PF found a strong economy classified as B+ but left it classified as junk.
The mismanagement of PF.
1. Withdrew allowances for students so they can enrich themselves
2. They had so much money within PF such that they could burn USD and ZMW notes at will. Had no idea where to take the money
3. They stole money from KCM, leaving behind impoverished families while they were busy building mansions, holding hectares and hectares of land, among others
Then you hear someone saying “consult PF”??? Are you normal!!??
The economy was growing on negative during PF criminals, today these are people you want upnd government to consult from, your article was going to make sense if you could have said about killing people like the way PF criminals used to kill people e.g nsama nsama, kasongo, Kaunda, matapa, menyani, Lawrence, Mugala, vasper and mapezi chibulo
Another Zamzam speaking. Chisanga the economy was in free fall as PF was leaving. If you are an economist why did your president instead appoint an accountant (the break dancer) to head the central bank? And in that man’s wisdom want was done? The debt situation. Tell us after accuring so much debt. What grand master plan did you achieve? Now you want to come back; half of your tainted people do what? Steal again?
He is right. But where in the world would you find a rival going down on his knees to ask for his help to get his feet.