WORKING class, market vendors, transport operators like vehicle and boats are facing cash flow problem in Gizo, Western province.
This has affected them in their businesses operations and person savings due to the high cost of living.
Jones Patty, a concerned resident, attributed the cash flow shortage to the country’s current economic instability.
“To me, individually, in my own perspective, the cause of the shortage of cash flow links to the economic instability of the country today,” he told the Solomon Star in an interview yesterday.
“This includes high inflation, which means prices of goods and services rise or fall rapidly, making it hard for people to afford basic needs or for businesses to plan ahead,” he added.
Some businesses have resorted to mobile banking transactions or bartering to keep commerce flowing. However, those without access to digital banking services or mobile wallets are finding it nearly impossible to make purchases.
Local vendor from Kolombangara, Janet Ralu, who sells fresh produce at the Gizo market, expressed frustration over the situation.
“We rely on cash to buy and sell goods, but when customers don’t have cash to pay, it affects our business. If this continues, we will struggle to earn a living,” she said.
She added that while fresh produce is still available daily at the market, customers are aware of rising prices.
“We have to mark up our prices just like shops do. Their prices have also skyrocketed. Above all, we are living in difficult times,” Janet said.
The cash flow shortage has also impacted transport operators, who depend on daily earnings to fuel their vehicles and sustain their operations.
Gizo’s taxi fleet services only earn good money on busy days—Mondays, Thursdays, and Fridays—while other weekdays are considered dry, forcing drivers to target specific clients and passengers.
For many residents in Gizo, walking home has become the norm, making the situation less of a concern for them.
Boat operators servicing nearby islands have also reported reduced trips due to difficulties in collecting fares.
Local authorities and business leaders are urging the government and financial institutions to take urgent measures to address the crisis.
By ULUTAH GINA
Solomon Star, Gizo
