By Chisomo Phiri
Economic experts in the country have advised the Government to come up with food price ceilings if Malawi is to make a good progress in recovering her economy.
This is according to Betchani Tcheleni, an econominist at Malawi University of Business and Applied Sciences (MUBAS).
Tcheleni is of view that Malawi can improve her economy if the food price reduction is put at heart by authorities.
“When the food price is high, nothing works at all. Prices of everything go up as well. So we are urging the government to consider the reduction of food prices, said Tcheleni.
Tcheleni said it is obvious that , challenges Malawi is facing will run throughout the year due to a number of reasons that include impacts of the devastation caused by Cyclone Freddy.
Another economic expert at Catholic University Hope Kawaye also echoed Tcheleni.
Recently, the World Bank has released prediction report that predicts that a majority of Malawians are likely to be pushed into poverty.
On the other hand, the 17th Malawi Economic Monitor recounts that Malawi has faced a material loss and damage of $505 million and production losses equivalent to GDP loss of 0.5 percent for 2023.
