Opinion / Columnist
Government's efforts to revive the economy laudable
09 Jun 2016 at 13:42hrs | Views
It is pleasing and comforting that government is doing all its best to revive the ailing economy. A number of policy measures and programmes are being put in place as a way of trying to stabilize the economy of our beloved country, Zimbabwe.
However, it is disheartening that detractors and local regime agents are busy making noise and attacking efforts being made by the ruling government in reviving the economy.
Firstly, most reasonable minds agree that government's intervention to revitalize is necessary. Its move to fight corruption in most governmental departments and local municipalities is noble and should be implemented without fail. Corruption has been derailing the activities and execution of government programmes over the past years. Zero tolerance to corruption in all economic sectors can drastically transform the nation and turn around its fortunes.
Currently the country is facing cash shortages due to externalization. Cash challenge is also a result of the illegal sanctions that were imposed on Zimbabwe by the America and Britain. Zimbabweans are unable to export their products. MDC-T leader, Morgan Tsvangirai and his cronies must call for the removal of these illegal sanctions that they called for. The effects of these sanctions are not only affecting people from a single political party, instead there are also pinching on MDC-T supporters and other innocent Zimbabweans. Truth be said, it is the MDC-T through ZIDERA which is affecting growth of the economy.
At the moment there is no balance of trading. Actually, there is more of importing and none of exporting. This has a strong negative impact on the growth of the economy. Imports are considered to be a drag on the economy. They represent an outflow of funds from our country, since the payments are made outside our borders by local firms. Hence, the opposite is true. Positive exports contribute to economic growth. The receipt of export proceeds also represents an inflow of foreign currency into the country. However, this is different our line of trading as a country. More cash is being externalized through importing of commodities.
As it stands, the little cash that is circulating in the economy is not being deposited in banks. Most of the cash is circulating in the informal sector. Government, through the Reserve Bank of Zimbabwe (RBZ) has been putting impressive measures to address this challenge of cash shortages. Unfortunately, opposition parties viewed these measures as useless as they went on to decampaign government against such actions. Demonstrating against a positive policy exposes the weakness of opposition parties and their hidden agenda of regime change. One would really wonder the exact purpose of demonstrating without proffering of any tangible solutions. People are tired and fade up with MDC-T antics of attacking government policies devoid of alternatives.
As we speak, there are quite a number of companies that are opening in the local industry. Currently, there is an impressive number of local cooking oil manufacturers. For instance, local brands like Olivine, ZimGold and Roil are presently on the market. This depicts development within our local industry. What is actually reflecting on the ground is that there has been progress in our local producers. This will indeed revive the economy as it will promote the buy Zimbabwe policy. Farmers nationwide should consider supporting the local industries through planting variety of crops such as soya beans and sun flowers that are needed for processing of cooking oil. Zimbabwe's manufacturing sector depends mostly on agricultural produce. Therefore, supporting the local industry can be the best way of employment creation for the majority of Zimbabweans.
Lastly, it is known that a lot of external factors are contributing to the current economic situation in the country. However, these external factors are being ignited by the opposition, especially MDC-T party which is fighting a battle of leading this country. MDC-T imprudently noted that it was trying by all means to make the economy scream so that the electorate will revolt against the ruling government.
-----------
peacemaker zano <peacemakerzano@gmail.com
However, it is disheartening that detractors and local regime agents are busy making noise and attacking efforts being made by the ruling government in reviving the economy.
Firstly, most reasonable minds agree that government's intervention to revitalize is necessary. Its move to fight corruption in most governmental departments and local municipalities is noble and should be implemented without fail. Corruption has been derailing the activities and execution of government programmes over the past years. Zero tolerance to corruption in all economic sectors can drastically transform the nation and turn around its fortunes.
Currently the country is facing cash shortages due to externalization. Cash challenge is also a result of the illegal sanctions that were imposed on Zimbabwe by the America and Britain. Zimbabweans are unable to export their products. MDC-T leader, Morgan Tsvangirai and his cronies must call for the removal of these illegal sanctions that they called for. The effects of these sanctions are not only affecting people from a single political party, instead there are also pinching on MDC-T supporters and other innocent Zimbabweans. Truth be said, it is the MDC-T through ZIDERA which is affecting growth of the economy.
At the moment there is no balance of trading. Actually, there is more of importing and none of exporting. This has a strong negative impact on the growth of the economy. Imports are considered to be a drag on the economy. They represent an outflow of funds from our country, since the payments are made outside our borders by local firms. Hence, the opposite is true. Positive exports contribute to economic growth. The receipt of export proceeds also represents an inflow of foreign currency into the country. However, this is different our line of trading as a country. More cash is being externalized through importing of commodities.
As it stands, the little cash that is circulating in the economy is not being deposited in banks. Most of the cash is circulating in the informal sector. Government, through the Reserve Bank of Zimbabwe (RBZ) has been putting impressive measures to address this challenge of cash shortages. Unfortunately, opposition parties viewed these measures as useless as they went on to decampaign government against such actions. Demonstrating against a positive policy exposes the weakness of opposition parties and their hidden agenda of regime change. One would really wonder the exact purpose of demonstrating without proffering of any tangible solutions. People are tired and fade up with MDC-T antics of attacking government policies devoid of alternatives.
As we speak, there are quite a number of companies that are opening in the local industry. Currently, there is an impressive number of local cooking oil manufacturers. For instance, local brands like Olivine, ZimGold and Roil are presently on the market. This depicts development within our local industry. What is actually reflecting on the ground is that there has been progress in our local producers. This will indeed revive the economy as it will promote the buy Zimbabwe policy. Farmers nationwide should consider supporting the local industries through planting variety of crops such as soya beans and sun flowers that are needed for processing of cooking oil. Zimbabwe's manufacturing sector depends mostly on agricultural produce. Therefore, supporting the local industry can be the best way of employment creation for the majority of Zimbabweans.
Lastly, it is known that a lot of external factors are contributing to the current economic situation in the country. However, these external factors are being ignited by the opposition, especially MDC-T party which is fighting a battle of leading this country. MDC-T imprudently noted that it was trying by all means to make the economy scream so that the electorate will revolt against the ruling government.
-----------
peacemaker zano <peacemakerzano@gmail.com
Source - Peacemaker Zano
All articles and letters published on Bulawayo24 have been independently written by members of Bulawayo24's community. The views of users published on Bulawayo24 are therefore their own and do not necessarily represent the views of Bulawayo24. Bulawayo24 editors also reserve the right to edit or delete any and all comments received.
