Muhabi questions Govt silence on Kwacha depreciation

04/04/2014

MMD presidential Spokesperson Muhabi Lungu says it is not right for the Patriotic Front (PF) government to remain silent on the Kwacha’s continued depreciation against other global currencies.

Mr. Lungu says Finance Minister Alexander Chikwanda should come out in the open and explain to the nation how government intends to ensure the country’s currency is strengthened.

Mr. Lungu has told Qfm News that this is on the backdrop of the fact that the business community has lost confidence in the country’s economy due the policies the PF government is implementing.

He says this loss of confidence in the economy is evident in how despite revoking Statutory Instruments 33 and 55, the Kwacha has continued to lose value.

Meanwhile, Mr.Lungu has described as a sad development the decision by the government to allow the Technical Committee to hand over copies of the final draft constitution and other accompanying documents to the Permanent Secretary for Administration at the Ministry of Justice instead of the Head of State as earlier indicated.

He says this is an indication that the PF government has no commitment whatsoever towards delivering a people driven constitution.