Gabonese Prime Minister Rose Christiane Ossouka Raponda spoke on Tuesday of a heavy envelope made available by the State to subsidize certain products, in order to fight against soaring prices on the market.
“The state is forced to subsidize flour at very high levels. We are trying to strike the right balance so that the consequences on the Gabonese economy do not annihilate the purchasing power of households,” she said.
The state also subsidizes the price of fuel at the pump and would be at nearly 47 billion CFA francs as the amount devoted to this purpose, according to the head of government.
Gabon has also decided to cap the prices of basic necessities. While these prices have been on the rise for quite some time, the war in Ukraine has only made the situation worse.
Ossouka Raponda was received on Monday, April 4, by President Ali Bongo who notably asked him to do what is necessary to curb the rise in the prices of certain everyday consumer products, according to an official press release.
The Head of State instructed the government to “monitor the mechanisms put in place to maintain a fixed rate of the price of fuel at the pump, bread and other staples”.
By OMA Newsletter N° 658 of 06/04/2022
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