End of year: Government preempts price hikes

As end of year festivities inch closer, Trade  Minister, Luc Magloire Mbarga Atangana has began meeting with business persons to discuss trade modalities.

The first of such meetings held on November 12, 2019, during which the Minister disclosed that business activities this year will be guided by the theme “Nöel Pour Tous”.

During the meeting, he told business persons to ensure that food stuff and other commodities are available in huge quantities in order to meet the usual high demand.

As preparations for the festivities unfold, Minister Luc Magloire says “None should be left behind.

During the exchanges, Government and the business persons contracted an agreement to ensure that business goes unperturbed during the end of year season.

All the business persons agreed to preempt unjustified prize hikes of food stuff and other seasonal commodities .

Accordingly,  the government will carry out frequent prize checks to ensure that unscrupulous business persons do not take advantage of the usual high demand.

Over the years, business persons have created artificial scarcity, in order to make high gains during the festive season.

Minister Luc Magloire says during the 2019 end of year feasts, clients should not be at the mercy of such unscrupulous business persons.

It has become a tradition for officials of the Ministry of Trade to collaborate with business persons during end of year festivities.

The last of such  endeavors to prepare for end of year feasts was on December 22, 2018 in Yaounde.

Kathy Neba Sina

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