Central Bank of Kenya warns Kenyans of tough times due to the high rise of fuel prices.CBK said that high food and fuel prices, and taxes will continue to put pressure on livelihoods.
Stating this yesterday, CBK'S monetary policy committee ( MPC), the bank's highest decision-making organ, said that the overall increase of goods and services has largely affected Kenyans as it has increased due to an increase of fuel and food.
A litre of petrol rising high to a record that has never been seen in Kenya as a Litre rises to Sh134 per litre.CBK calls Kenyans to work hard so that they can manage these high prices of fuel and food.
In July Patrick Njoroge the CBK Governor admitted that the tax measures introduced in the Finance Act, 2021 would have far-reaching effects on the cost of living of Kenyans since many of us Kenyans are unemployed and it will be hard for them to pay taxes.
Content created and supplied by: TicolamekTv (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More