Govt efforts to revive the economy laudable

Peacemaker Zano Correspondent
It is pleasing that Government is doing all it can to revive our ailing economy. A number of policy measures and programmes are being put in place as a way of trying to stabilise the economy of our beloved country, Zimbabwe.

However, it is disheartening that detractors and local regime change agents are busy making noise and attacking efforts being made by the ruling party and Government to revive the economy.

Firstly, most reasonable minds agree that Government’s intervention to revitalise the economy by fighting corruption is necessary.

The move to fight corruption in most Governmental departments and local authorities 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 on corruption in all economic sectors can drastically transform the nation and turn around its fortunes.

The country is facing cash shortages due to externalisation. Liquidity challenges are also a result of the illegal sanctions that were imposed on Zimbabwe by the Britain, America and their allies. 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 the growth of the economy.

At the moment, there is no balance of trade. In fact, there is more of importing and little of exporting. This has a 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, in our case this a different case. More cash is being externalised 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 measures to address this challenge and its unfortunate opposition parties view these measures as useless and they want on to de-campaign Government against such actions.

Demonstrating against a positive policy exposes the weakness of opposition parties and their hidden agenda of regime change.

One wonders what the exact purpose of demonstrating without proffering of any tangible solutions is.

People are tired and fed up with MDC-T’s antics of attacking Government policies when it is devoid of alternatives.

As we speak, there are a number of companies that are opening in the local economy.

Currently, there is an impressive number of local cooking oil manufacturers.

For instance, local brands like Olivine, ZimGold and Roil are back on the market.

This is a sign of promoting and growing 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 initiative.

Farmers nationwide should consider supporting local industries by planting variety of crops such as soya beans and sun flower that are needed for processing of cooking oil.

Zimbabwe’s manufacturing sector depends mostly on agricultural produce. Therefore, supporting the local industry is 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.

The opposition is fighting hard to make the economy scream so that the electorate can revolt against Government.