{"id":91511,"date":"2024-02-27T11:16:12","date_gmt":"2024-02-27T09:16:12","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-mthuli-ncube-to-resign-says-hanke"},"modified":"2024-02-27T14:38:39","modified_gmt":"2024-02-27T12:38:39","slug":"its-time-for-mthuli-ncube-to-resign-says-hanke","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/its-time-for-mthuli-ncube-to-resign-says-hanke","title":{"rendered":"It’s Time For Mthuli Ncube To Resign, Says Hanke"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>American economist Steve Hanke says Zimbabwe\u2019s Minister of Finance, Economic Development and Investment Promotion should resign as he has failed to turn around the country\u2019s economic fortunes.<\/p>\n

The Johns Hopkins professor on Monday said Zimbabwe\u2019s inflation was the highest in the world at 1 397%, 38.80% more than his last reading. He said:<\/p>\n

Welcome to Zimbabwe, home to the world\u2019s highest inflation rate \u2013 a stunning 1 397%\/yr. It\u2019s time for Finance Minister Mthuli Ncube to resign.<\/p>\n

Zimbabwe\u2019s economic woes have worsened since Ncube was appointed Treasury boss more than five years ago.<\/p>\n

The United States dollar now dominates domestic transactions, while the Zimbabwe dollar now trades at ZW$18 000 per US$1 on the parallel market.
\nNcube hiked various taxes and introduced new ones in the 2024 national budget and this has resulted in massive price hikes and the erosion of workers\u2019 salaries, particularly civil servants.<\/p>\n

President Emmerson Mnangagwa recently hinted at a raft of policy changes that he said were meant to arrest the RTGS dollar\u2019s massive devaluation and halt the country\u2019s gravitation towards full dollarisation.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. American economist Steve Hanke says Zimbabwe\u2019s Minister of Finance, Economic Development and Investment Promotion should resign as he has failed to turn around the country\u2019s economic fortunes. The Johns Hopkins professor on Monday said Zimbabwe\u2019s inflation was the highest in the world at 1 397%, 38.80% more than his last reading. He […]<\/p>\n","protected":false},"author":84,"featured_media":91510,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,35,12,2715],"tags":[1493,2189,807,19],"class_list":{"0":"post-91511","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-head-lines","9":"category-homepage-english","10":"category-policy","11":"category-to-homepage","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-mthuli-ncube","15":"tag-zimbabwe"},"yoast_head":"\nIt's Time For Mthuli Ncube To Resign, Says Hanke - zimbabwe<\/title>\n<meta name=\"description\" content=\"American economist Steve Hanke says Zimbabwe\u2019s Minister of Finance, Economic Development and Investment Promotion should ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-mthuli-ncube-to-resign-says-hanke\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It's Time For Mthuli Ncube To Resign, Says Hanke\" \/>\n<meta property=\"og:description\" content=\"American economist Steve Hanke says Zimbabwe\u2019s Minister of Finance, Economic Development and Investment Promotion should ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-mthuli-ncube-to-resign-says-hanke\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-27T09:16:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-27T12:38:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/02\/sm_1709020988.713985.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-mthuli-ncube-to-resign-says-hanke\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-mthuli-ncube-to-resign-says-hanke\",\"name\":\"It's Time For Mthuli Ncube To Resign, Says Hanke - 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