In
a statement released by the Information Minister Moses Kumkuyu, government said
following the appreciation of the Kwacha, companies could have been reducing
prices of goods and services but instead some are defiant.
“It
would be naïve for the able leadership of CAMA to remain silent now when it
vehemently blamed government for the resultant negative effects of the
depreciation of the kwacha. We do not
think CAMA’s establishment and operations are to fight government on behalf of
the consumers only.
“Rather,
CAMA should be up in arms all the times against any institutions and individuals
that make the life of a consumer miserable. This administration therefore
eagerly awaits the respectable consumer rights body to fight for the rights of
the consumers in ensuring that minibus fares and prices of other essential
commodities go down as a result of successful policies by this administration,”
the statement reads
Menwhile,
the government has strongly condemn and
warn against any continued deliberate defiance to a call for the reduction of
prices of goods and services following the recent positive economic strides the
nation has witnessed.
In
a statement signed by the Minister of Information Moses Kunkuyu Kalongashawa, government
said the positive economic trends are now in the public domain and mostly emanate
from the harsh but necessary economic reforms effected by this administration
last year. The unpopular economic reforms have however proved critics wrong as
evident in the appreciation of the kwacha and easing of inflation among other
economic gains registered so far.
“In
turn, these economic gains have resulted into a reduction of fuel pump prices;
a feat that should have eventually translated into an immediate decrease in the
prices of goods and services that largely depend on this variable such as
transportation costs.
“It
is however disheartening to observe that some companies continue robbing
unsuspecting poor Malawians of their hard-earned money through charging
exorbitant prices. This is despite a clear call by government through the
Ministry of Trade and Industry early last month against the act,” says the
statement.
It
adds, “The government therefore calls on the private sector to ensure that the
positive economic gains borne out of the appreciation of the kwacha trickle
down to benefit the poor consumers too. It is purely uncalled for and against
fair trade practices for companies to continue making huge profits at the
expense of the poor consumer who should now at least afford their goods and
services due to the gaining ground of the kwacha against the major currencies.
“However,
government will unleash proper penalties on companies that deliberately choose
to ignore and disrespect the call. In the same vein, Government through the
Ministry of Trade and Industry and in collaboration with the Competitions and
Fair Trade Commission will immediately start inspecting shops and companies to
appreciate the prices and take decisive action where necessary.”
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