Email a copy of 'Kachaje: Inflation, the “Bureaucratic Robber”' to a friend
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Email a copy of 'Kachaje: Inflation, the “Bureaucratic Robber”' to a friend
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The main opposition Malawi Congress Party (MCP) Publicity Secretary, Dr Jessie Kabwira has gone into hiding after receiving warnings last...
k577 billion is not a joke. this is the starting point of inflation kwinaku nkothera chabe
The article has just touched on a factor contributing to the poor performance of the economy. Given that a number of economists came together (synergy) each one could have his/her input. I thought the meeting organised by PAC was meant to discuss such issues, but alas, some selfish politicians hijacked the aims/objectives of the meeting and begun selling their untried and impractical ideologies. Malawians expect too much from government and yet we don’t contribute anything towards its sustenance. If the same government tries to raise money through taxes we complain, if they prop up tuition fees we cry foul and… Read more »
nice and well put. the government should and must indeed spend on us what we have given it. the way the purchasing power is getting eroded is worry some. but still we can’t blame the government alone but rather as Dr Kachaje has rightly put it, we ourselves have some blame to carry for requiring the government to do for us what we should have done ourselves.
Inflation is created by exchange rate losses, the main problem is our governor is clueless on how to manage exchange rates. Chuka instead of introducing policies to make kwacha stable. he has made policies which are fuelling kwacha depreciation 1. Chuka in April 2015 introduced policy where exporters retain 100% of there export proceeds, while eversince colonial rule exporters were only allowed to keep 60% and 40% was being changed into kwacha. This was helping Kwacha stability 2. Depreciation/Apprecaition limits are subject to 0.25% per day, the appreciation limit of 0.25% should be scrapped, it should be allwoed to appreciate… Read more »
Thank you, Dr Kachaje, for bringing clarity to this issue.
I have just one tiny nit to pick: in your penultimate paragraph, I think you meant ‘abrogated’, not ‘obligated’.
O……………………………………………………………………………………………………………………………………………………………………………………………………O To assertain that Malawi’s inflation is caused by governmment budget deficit is a clear manifestation of not being up-to-date with, hence a careless misrepresentation of recent data . . . . . . You can ask any analyst or economist who is up-to-date with empirical research or Malawi’s economic data; you will be told that the exchange rate path is the one which exerts a statistically significant impact on Malawi’s inflation, and not money supply path (which government expenditure is a part). . . . This is why the moment the pump price is adjusted on the basis of… Read more »
And why is government straggling to finance hospitals and schools adequately? Reasons: 1. We are breeding children at a faster rate such that government can not cope 2. Our borders are porous such that our Mozambique neighbors are using our resources 3. Farming maize has become so expensive such that lot of people abandoned it preferring to buy instead which is a cheaper option. Production has surged instead.Thats why besides flooding and poor rains, this has been a problem for a long and will remain so if Government does not think deeper on this. 4. We import too much for… Read more »
Had just started to appreciate your argument Henry when the article ended abruptly. Perhaps you could expound a couple more examples? otherwise I agree, you make the subject tolerable albeit if not too simplistic!
The National Identity cards will fuel further tribal delineations. Do we really need to be identified by our tribes, what for if we are all Malawians.
Some of us do not even come from TA’s jurisdictions but cities. What is going to be printed on the cards, TA Mzuzu City Mayor?
thanks Mr Kachaje that now you are talking the truth beyond your political ambitions, we need this to build our nation and from this we can learn how to overcome serious challenges affecting our nation.