Advertisement
National

Ecama chief accuses leaders of plundering MW

Advertisement

Economics Association of Malawi (Ecama) president Henry Kachaje on Tuesday blamed the country’s past rulers for impoverishing the country instead of developing it.

Kachaje was speaking in Lilongwe when he presented a paper titled ‘Can the economy opt for the poor’, during the Annual Basic Needs Basket Conference organised by the Centre for Social Concern (CSC).

Kachaje said this can be evidenced by the comments that every coming president makes when asked about the financial situation once they take power.

Advertisement

According to Kachaje, every new president has accused their predecessor of plundering government coffers.

“Sometimes we tend to wonder that are we electing leaders or looters?” asked Kachaje.

He urged the current administration to institute a commission of inquiry into the issue of tractors from India which were sold to commercial farmers contrary to the reason for obtaining the loan by government.

Advertisement

The Ecama chief said poor Malawians will pay through the nose in loan repayments for something that only benefited the rich.

CfSC Director Jos Kuppens said the Basic Needs Basket (BNB) which measures the cost of living was established as a way of ensuring that poor Malawians earn decent packages that match the rising cost of living.

Kuppens said over the years, the BNB has gained popularity among Malawians with many organisations using it as a reference point in as far as determining salaries for their employees is concerned.

In his presentation, Loyola Jesuits Director of Development Father Peter Henriot bemoaned the growing gap between the rich and the poor in the country.

Henriot underscored the need for the resource rich to live in the shoes of the resource poor and realise that the poor too have the right to live.

Facebook Notice for EU! You need to login to view and post FB Comments!
Advertisement
Tags
Show More
Advertisement

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker