LUSAKA, Jan 13 (Reuters) – Zambia's Finance Minister Situmbeko Musokotwane said on Friday that the economy grew 3.1% last year but that the country should aim for higher growth.
The Southern African country contained annual inflation to single digits at 9.9% in December from 16.4% in December 2021. But reducing inflation to 6%-8% in the medium term remains the target, Musokotwane said.
Central government external debt rose to $13.36 billion at end-September 2022 from $13.04 billion at end-December 2021, he added.
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Ghana's government and trade unions on Thursday agreed to increase all public servants' salaries by 30% for 2023, they said in a joint statement, as the country struggles to reduce debt and tackle rampant inflation.
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Zambia economy grew 3.1% in 2022, higher growth needed: finance … – Reuters.com
