RBZ Governor Told To "Stop Praying And Wishing" And Start Acting On The Economy
The governor of the Reserve Bank of Zimbabwe, Dr John Mangudya has been told to come up with strategies to curb the soaring inflation and stop praying and wishing for a better day.
Speaking when Mangudya appeared before Parliament to give oral evidence on the Monetary Policy Statement (MPS) and cash shortages, Shurugwi South legislator Edmond Mkaratigwa said:
READ: FEBRUARY 2020 MONETARY POLICY STATEMENT
With all due respect l hear wishes, dreams and prayer from our Governor, am expecting an air of authority and perhaps a better level of confidence from his responses. For example, just like me he is parrying and wishing for production to go up. But my question is are there any mechanisms that he has put in place to stimulate that production that’s what l want to hear.
I want to hear what you are going to do to control inflation because you cannot continue to dream and pray like the rest of us. As the governor, you can’t just wish that a change will happen as the ordinary people do. With all due respect governor.
Like the Minister of Finance, Professor Mthuli Ncube, Mangudya believes that the rainfall patterns have a huge bearing on the economy.
Analysts say that authorities should stop banking on variables they cannot control and come up with feasible measures to address socio-economic issues in the country.
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