ED speaks on prices, exchange rate

BY HARRIET CHIKANDIWA/ BERNADETTE MUCHANYEREI
PRESIDENT Emmerson Mnangagwa yesterday expressed concern over the sharp upward spike in food prices, foreign currency exchange rate distortions and high inflation but claimed his government was up to the task in dealing with the challenges.

Addressing an ordinary session of the Zanu PF politburo and the ordinary session of the central committee yesterday, Manngagwa said: “Government is currently addressing the exchange rate evil and price hikes which are a result of imported inflation. Our quest to modernise, industrialise and grow our economy as envisaged in the 2018 people’s election manifesto remains a priority for both the party and the government.”

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