Minister of Commerce, Trade and Industry, has clarified that the government is not introducing or considering price controls, but advocating for fair pricing that reflects the current macroeconomic environment.
Chipoka Mulenga, was recently quoted in the media pledging to engage Cabinet to introduce a uniform price across the country for essential commodities to ensure that benefits of the Kwacha’s positive performance trickle down to consumers.
However, Mr. Mulenga said his recent remarks on pricing are being misunderstood, as his appeal is for fair and responsible pricing, and not government intervention.
He emphasized that Government is committed to a private-sector-driven economy and will not dictate prices.
“The government will not dictate prices, but we expect businesses to act fairly and responsibly,” he said.
He noted that with the annual inflation rate trending downward, the Kwacha showing signs of stability, and fuel prices remaining relatively lower, businesses must ensure consumers benefit from these positive trends.
“Manufacturers and suppliers should adjust prices to reflect the improving economic situation,” he says.
The Minister explained that the government’s role is to create a conducive environment for business growth and economic stability, while the private sector must uphold principles of fairness and transparency in pricing.
“This is a call for responsible market behavior and fairness in pricing,” he says.
He further emphasized that Zambians deserve to feel the benefits of economic stabilization and urged industry players to align their pricing with the prevailing conditions.
“People should not continue paying outdated and inflated prices when the economy is showing signs of recovery,” he added.
According to a statement issued by the Ministry’s Public Relations, Government is committed to fostering dialogue with the private sector to ensure that market practices align with the country’s broader economic recovery efforts.
