{"id":56768,"date":"2024-01-16T23:12:21","date_gmt":"2024-01-16T23:12:21","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation"},"modified":"2024-01-16T23:28:26","modified_gmt":"2024-01-16T23:28:26","slug":"govt-vows-to-police-every-shop-abusing-devaluation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation","title":{"rendered":"Govt vows to police every shop abusing devaluation"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Government, through the Ministry of Trade and Industry, says it will take necessary steps against manufacturers, traders and suppliers of goods who are taking advantage of the devaluation to raise prices of goods and services unreasonably.<\/p>\n

In a statement signed by the secretary of Trade and Industry Ministry Christina Zakeyo, government says some traders have even temporarily closed their businesses in order to adjust prices for old stocks that were already in shelves and warehouses before devaluation.<\/p>\n

\u201cThe Ministry wishes to inform the traders and the general public that hoarding of goods and services in order to take advantage of price increase is tantamount to unconscionable conduct against consumers.<\/p>\n

\u201cIn the same regard, selling goods and services at excessive and unreasonable prices is a gross violation of the Competition and Fair Trading Act (CFTA) and as such the Ministry of Trade and Industry and the Competition and Fair Trading Commission (CFTC) will not hesitate to take necessary action to deal with traders found engaging in such malpractices,\u201d she said.<\/p>\n

In dealing with such malpractices, the Ministry and the CFTC will intensify market surveillances on prices of goods and services across the country to establish and gather evidence of possible violation of the CFTA.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Government, through the Ministry of Trade and Industry, says it will take necessary steps against manufacturers, traders and suppliers of goods who are taking advantage of the devaluation to raise prices of goods and services unreasonably. In a statement signed by the secretary of Trade and Industry Ministry Christina Zakeyo, government says […]<\/p>\n","protected":false},"author":84,"featured_media":56767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,371,234],"class_list":["post-56768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nGovt vows to police every shop abusing devaluation - Malawi<\/title>\n<meta name=\"description\" content=\"Government, through the Ministry of Trade and Industry, says it will take necessary steps against manufacturers, traders ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt vows to police every shop abusing devaluation\" \/>\n<meta property=\"og:description\" content=\"Government, through the Ministry of Trade and Industry, says it will take necessary steps against manufacturers, traders ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-16T23:12:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T23:28:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705434989.116876.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Govt vows to police every shop abusing devaluation\",\"datePublished\":\"2024-01-16T23:12:21+00:00\",\"dateModified\":\"2024-01-16T23:28:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation\"},\"wordCount\":223,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1705434989.116876.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-vows-to-police-every-shop-abusing-devaluation\",\"name\":\"Govt vows to police every shop abusing devaluation - 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