Measures to control inflation
- Increased rate of taxation to reduce the purchasing power of the population.
- Reducing government expenditure to control money supply especially to non-productive sectors.
- Reducing government borrowing from the central bank.
- Restrictive monetary policies! controlled printing of money.
- Consolidation of allowances and wage freezing for those in high income brackets.
- Provision of investment incentives to encourage more investors.
- Liberalization of the economy to increase production.
- Improving the infrastructure to facilitate resource movements and consequently increased production.
- Privatisation drives to boost production in the economy.
- Increased importation of good from non inflationary countries.