BoB upbeat on 2018 economic prospects
Friday, May 04, 2018
On Tuesday, BoB governor, Moses Pelaelo announced that the key bank rate would be maintained at five percent, based on subdued domestic demand pressures and low upward threats to inflation. The accommodative monetary policy position supports economic activity particularly in the non-mining sector.
Government expects 2018 growth to reach 5.3%, higher than the World Bank’s forecast of 4.7%. Last year, the economy grew by 2.4%, down from government’s forecast of 4.7%, a drop economists have said was due to the closure of BCL and Tati Nickel mines.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...