Translate the fuel price reduction for August/September and the Kwacha gains against major foreign currencies into tangible reduction in cost of goods, services and doing business, says GPZ president Jackson Silavwe.
Commenting on the fuel price reduction and Kwacha appreciation, Mr Silavwe said his party “unreservedly welcome” any attempt by the Government to ease the dire economic challenges facing Zambians.
“Our people as well as local businesses need economic relief no matter how small. Nonetheless, the fuel reductions and kwacha gains will be meaningless to the majority Zambians if the cost of transport, mealie meal, soap, cooking oil remain out of reach for our people,” Mr Silavwe stated. “President Hichilema and the new dawn administration must avoid the temptation of practicing elite and internationally correct economics whilst neglecting the majority local Zambians facing the brunt of an unstable economy.”