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Finance Minister Lists Six Measures Sought by Government to Manage Skyrocketing Commodity Prices

By Melanie Aanyu,

Finance Minister Mr Matia Kasaija has this afternoon listed six measures that government intends to and/or has already undertaken to cushion vulnerable Ugandans against the skyrocketing commodity prices in the country.

The minister reiterated that supporting farmers to grow more fast-maturing food and oil seeds to ensure sufficient domestic supply; maintaining a market-based determination of prices to support a continuous supply of the goods and services intended to ensure that demand does not outstrip supply; expediting improvement of alternative fuel import routes across Lake Victoria to avoid possible unnecessary supply disruptions and using appropriate fiscal and monetary policies to mitigate the impact of price shocks are some of the long term and short term measures government has undertaken to curb the rising commodity prices.