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Momodou
Denmark
11835 Posts |
 Posted - 28 Mar 2007 : 17:55:02
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Foroyaa Editorial
MR SOS FOR FINANCE AND ECONOMIC AFFAIRS
The Prices Are Increasing! Life Is Becoming More Difficult!
WHAT IS THE SOLUTION?
The women say that the price of a cup of palm oil has risen from 8 dalasi to 10 dalasi and then to 13 dalasi per cup, while the uncertificated teacher receives a little bit more than 15 dalasi a day. Three bonga fish now go for 10 to 15 dalasi when they are plenty. Price rises up to 20 dalasi when there are scarcity. Vegetable oil has gone up from D5.00 to D5.50 and now D6.00 per cup. The price of three of what is called croakers is now D50.00. This is the daily income of a nurse or teacher. One kilo of onions has gone up to D25.00. The same goes for a kilo of potatoes which is also D25.00. We will describe the quality of the rice in the market and state their prices for you in the next issue. What is clear is that five cups of the worst brand cost what an uncertificated teacher earns daily.
Mr. SoS, the worst increase can be found in the drug sector. A dose of ampicillin comprising 20 tablets rose from 25 dalasi to 40 dalasi over the period. Foroyaa will now keep you informed of the prices of commodities on a weekly basis.
You should therefore revisit the comments you made in your budget speech at the end of 2006: According to you
"For three consecutive years, inflation has been on the decline. The 12 months moving average of the low income Consumer Price Index for the Greater Banjul Area as at end October, 2006 recorded an inflation rate of 1.52 percent. As at end December, 2005, the rate of inflation was 3.17 percent, compared to the corresponding statistics of 14.2 and 17.0 percent for 2004 and 2003 respectively.
"The index for the Food, Drinks and Tobacco Group remained stable during the period, November 2005 to October 2006 whilst the index for the non-food group registered an increase of 4.7 percent..." "The retail price of basic food items remain stable during 2006. The retail price of rice increased by 1 percent, millet 1.2 percent, bread 2 percent, smoked bonga 9.1 percent, catfish 7.7 percent, and fresh barracuda 17.5 percent. For the Non-food items in the consumer price basket, the housing index registered an increase of 16 percent, whilst the Clothing, Textile and Footwear, and the miscellaneous indices remained stable."
Source: Foroyaa Newspaper Burning Issue
Issue No. 36/2007, 28-29 March, 2007
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A clear conscience fears no accusation - proverb from Sierra Leone |
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