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Govt Announces Incentive For Grain Farmers, Reduction Of Duty On Groceries {Full Text}

Govt Announces Incentive For Grain Farmers, Reduction Of Duty On Groceries {Full Text}

Finance and Economic Development Minister Mthuli Ncube has issued a statement outlining measures to ensure the continued availability of basic commodities on the market as well as to reward farmers for early delivery of grain to the GMB. Pindula News is publishing the statement below:

MEASURES TO IMPROVE THE AVAILABILITY OF BASIC COMMODITIES AND INCENTIVISE FARMERS FOR EARLY GRAIN DELIVERIES TO THE GRAIN MARKETING BOARD

1. Government has been seized with various initiatives aimed at stabilizing the economy, containing inflationary pressures, and therefore restoring the purchasing power of the local currency, with the primary goal being to increase the domestic and external competitiveness of the economy, create and preserve jobs, improve livelihoods whilst limiting damage to the economy, particularly in the face of the COVID-19 pandemic and more recently, the impact of the geopolitical tensions in eastern Europe.

2. Macro fiscal stabilization has been achieved largely through fiscal consolidation and the resultant attainment of both fiscal balance and stabilisation of the current account, as well as increased domestic production of goods.

3. Government is grateful for, and fully recognises the sacrifice and cooperation of all Zimbabweans in the ongoing effort to stabilise the economy, which is now on a firm foundation for growth.

4. The following measures are proposed with immediate effect:

A) IMPROVING ACCESS TO AFFORDABLE BASIC COMMODITIES

To further ensure that citizens have access to affordable basic commodities, in the face of recent substantial price increases in the shops, the government hereby opens up imports of basic commodities by citizens, through the lowering of import tariffs and other accompanying measures. This is with immediate effect.

Those with free funds are, with immediate effect, permitted to make use of these funds and other resources to import basic commodities.

B) INCENTIVISING EARLY DELIVERY OF GRAIN TO THE GMB

In the quest to incentivise farmers and encourage early deliveries of maize and other grains to the Grain Marketing Board, the government has taken the decision to pay the maize farmers 30% of the amount due on grain delivered in United States Dollars and 70% in domestic Zimbabwe dollars.

The US Dollar payment will be calculated at the prevailing willing buyer willing seller rate published by the Reserve Bank of Zimbabwe on the date of delivery.

The payments will be backdated to the date of the first deliveries of this seasonā€™s maize to GMB.

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13 Comments

Asalif 1Ā month ago

nhaiwe Mtuvi Ncube what ever your name who told you everyone who sells their farm produce want to buy groceries we have kids who go to school and universities do you think I can keep Bond notes for future payment of fee goods and services you are very stu p i d indeed


JC 1Ā month ago

If he was my father he was going to sound like:
Happy birthday mwansnguu ..I'm very happy that you've grown up and I want you to enjoy your day to the fullest saka enda hako unokwata šŸ˜‹mwanangu. I love you šŸ˜˜


JC 1Ā month ago

...since ku next door kwabikwa fish

Chapwititi Kestombela 1Ā month ago

It all started with your jargon Mhtuli, Nostro, Vostro, economic stabilization when no production is taking place. Lowering duties on basic commodities, isn't it an admission of failure??? My whole month's salary can't buy 5kgs of top side steak beef šŸ¤£šŸ¤£šŸ¤£šŸ¤£šŸ¤£šŸ¤£šŸ¤£.
Better kudira hedu rizare tidhakwe wangu šŸ„ƒšŸ¾. You lie and don't accept responsibility when your policies fail. Just like how you ran down Barbican Bank.


Asalif 1Ā month ago

Aaaah comment reserved zvimwe zvinhu sooo don't you get tired of policies and implementations


Tongoonai 1Ā month ago

Ko 85% of locally produced goods on the shelves, yaenda kupi?


Sevants 1Ā month ago

30% in US kumurimi ko mushandi Wake 2. Rate yakadhakwa inomuka yakachinja every day ndoyaurikuti nditengese nayo chibage ko kumunda ndodzoka neiurimuphicotic iwewe nyarara


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Ncube 2 1Ā month ago

Arikutiiko mupengo uyu ndiwe wauraya economy yedu iwewe shut up nonsense


Machiavelli 1Ā month ago

How can you say there's increased domestic production of goods yet at the same time promote increased importation of basics at reduced duty?

Moreover you haven't given the new reduced duties. How then can people plan?

Furthermore paying part of maize produce in USDollars as is the same in tobacco, salaries and wages is really an admission that the local currency is a NO-DO. Every day there's a little tweaking of fiscal and monetary interventions showing a complete lack of strategic thinking- knee-jerk economic Management doesn't work


Zzzzzz 1Ā month ago

we have tolerated your ****ity enough. You take us like your kids. How can a capilistic community captured by a few incompetent oligarchs like you. Enough is enough it's time for our freedom. we deserves better always giving a blem game to the opposition yet it's your incompetence and extravagance leading to deepening of our poverty levels. No it's time !!


Zzzzzz 1Ā month ago

we have tolerated your ****ity enough. You take us like your kids. How can a capilistic community captured by a few incompetent oligarchs like you. Enough is enough it's time for our freedom. we deserves better always giving a blem game to the opposition yet it's your incompetence and extravagance leading to deepening of our poverty levels. No it's time !!


VYBZ KARTEL 1Ā month ago

History repeats itself. Chakatanga ndicho chakachenjedza. How do expect a foreign invester to come when local national shun selling their farm produce to GMB. Do it at your own risk.

Voterai Chamisa. VOTERAI CCC.


TRAPO 1Ā month ago

Please do not f uck inside our mouths



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