As the Zimbabwean government struggles to deal with inflation that is now the west on the planet earth, some government officials are coming out open and blaming their government for causing inflation and other economic ills. Speaking at a finance indaba yesterday the secretary of finance George Guvamatanga said that the poorly crafted government policies were large to be blamed for economic collapse.
Treasury officials in Zimbabwe have acknowledged that other government organizations and departments are mostly to blame for fueling inflation and currency instability in the country’s economy. These departments and agencies are responsible for public procurement.
In the past, the government has consistently pointed the finger of blame at the private sector for frustrating and obstructing the efforts of the government to address the economic crisis facing the country. The annual rate of inflation in Zimbabwe reached a peak of almost 257% in the month of July, placing it among the highest in the world. More than three-quarters of the value of the Zimbabwean dollar has been wiped out just this year alone. The Zimbabwean dollar is the country’s official currency.
However the president didn’t take lightly the fact that his own government was responsible for an economic collapse, soon after George left the podium, president Mnangagwa took to the podium to send a chilling warning. He said that George was lucky to speak like that in Zimbabwe where there is freedom, if it was in China he will be a candidate for execution. He went further and said in Zimbabwe there are other forms of punishment that can be admonished to him.
He went further and suggested that what George was saying is just rhetoric as the Zimbabwean government is trying its best given the fact that it’s under brutal sanctions hence the reason why the government is trying to find creative ways of managing the economy.