President Joyce Banda has asked shop owners and service providers to respond to the improvements that the Malawi economy is registering by reducing the prices of the goods and services.
Speaking when she presided over the elevation of Traditional Authority Liwonde to Senior Chief at Namandanje Primary School in Liwonde, Machinga, President Banda lamented that Malawians were still hurting from high prices of commodities yet the Malawi currency was gaining in its value.
“Can I plead with you, business people and service providers, to be humane and considerate by reducing the prices of your goods and services,” demanded President Banda.
“You raised the prices in response to the depreciation of the Kwacha. Now that the Kwacha is appreciating, why can’t you respond accordingly as well?”
Recently government warned companies that continued to defy its call to reduce goods and services prices following the increase in the buying power of the Kwacha currency that they will be taken to task.
Government said it will pursue companies who defy the call and that proper penalties would be unleashed to them.
Ministry of Trade and Competitions and Fair Trade Commission will launch “an inspection of shops and companies to appreciate their prices and take decisive action where necessary.”Follow and Subscribe Nyasa TV :