The Ethiopian Government allows free imports of essential goods by waving 27 billion ETB in tax to tackle inflation.

April 8, 2022

Each year “Addis Weg” (Addis Talks) facilitates a roundtable discussion with various experts held at the Office of the Prime Minister of Ethiopia. This year’s theme was the factors that cause a rise in the cost of living and measures for solving them. Following this meeting, the Ethiopian Ministry of Trade and Regional Integration allows free imports of essential goods by waving 27 billion ETB in tax to tackle inflation. The current global surge has had a negative economic impact worldwide. Melese Minale, a Senior Macroeconomic advisor to the PM, stated that the government is taking several measures like cultivating wheat during the dry season to reduce the cost of living.

In addition, Acha Demissei, Ethiopian Trading Businesses Corporation CEO, mentioned that operational mechanisms are put in place to directly sell commodities to buyers at prices that only cover basic costs. Ashenafi Mamuye, a representative of the Ministry of Trade and Regional Integration, emphasized that the government aims to ease the cost of living and strengthen factories’ manufacturing capacities.

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