Hyper Inflation Under New Direction – Life Becomes Hell For Sierra Leoneans
The persistent increase in exchange rate of the US Dollar in conjunction with hyper-inflation, due to the uncontrolled rampant increase in the prices of even our locally produced goods, let alone to measure imported commodities. This medium has been perpetually visited by the proverbial Sierra Leoneans, expressing their dissatisfaction considering the continuous and unreasonable amplification of the prices on commodities in the market. (Photo: President of Sierra Leone, Julius Maada Bio)
The people are continually venting their grave concerns due to the simple fact that affording even our locally produced products like pepper, fish, okra, garri, bulgur etc., is a major challenge and they are also pinpointing that even to afford a meal in a day is very burdensome. A cross section of them when interviewed by SEM allowed running free in our local parlance “Tolongbo nor go sidom ya angry borku oh. Ok PAOPA dong sidom now but angry pass mak ooh.” Meaning when APC was in governance, hunger and starvation was on the increase but now that the SLPP/PAOPA is in governance, the level of hunger and starvation has climaxed to unprecedented height. Furthermore, they are asserting that there is no circular flow of income especially within the middle and lower cadres. According to them, income flows at the echelon level of high income earners.
When interviewed, the unanimous distress of the people of this country is why the government is allowing foreign currencies especially the US Dollar to determine the exchange of goods and services when in actual sense our local currency (the Sierra Leone Leone) is steadily devaluing, thus aggravating the current economic crunch the more. “The US dollar should not be a major determinant of the daily financial transactions of the people of this country simply because it is not our local currency,” exclaimed some traders along Abacha Street.
By: Allieu Lamin Kamara
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