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Hard times

*Inflation off the roof as levies and taxes bite

Hard times
DUSK TIME: Recovery of mining activity remains country's hope

Botswana has recorded the highest inflation in the last eight eight years. According to Bank of Botswana (BoB) Governor Moses Pelaelo, inflation has breached the upper bounds of the desired levels as set by the Central Bank.

Presenting BoBs' annual report, 2021 in Maun this week, Pelaelo noted that the inflation was above the Bank’s 3 to 6 percent medium term objective range in 2021 (May-December) averaging 6.7 percent in 2021.

Pelaelo said monetary policy was conducted in the context of projected high inflation in the near term associated with increase in taxes/levies and administered p...

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