Zimbabwe’s Treasury says it will pay all current and future local suppliers solely in the Zimbabwe Gold (ZiG) currency under a new National Standard Price List introduced to guide government procurement.
The policy, announced by Finance, Economic Development and Investment Promotion Minister Mthuli Ncube on 14 March 2026, is intended to standardise prices for goods and services purchased by ministries, departments and agencies while strengthening the use of the domestic currency.
Government officials say the National Standard Price List (NSPL) will set reference prices for commonly procured items across public institutions, a move designed to address price inconsistencies and tighten oversight of public spending.
“The Ministry of Finance, Economic Development and Investment Promotion and the Procurement Regulatory Authority of Zimbabwe wish to inform current and potential suppliers that the Government has introduced a National Standard Price List (NSPL) to guide the procurement of commonly used goods and services across ministries, departments and agencies,” Ncube said.
He said the initiative aims to ensure value for money in government procurement while improving transparency and efficiency in public financial management.
“The implementation of the NSPL is expected to enhance cost savings, transparency and efficiency in public procurement, thereby supporting national development priorities,” Ncube said.
Government Push for ZiG Usage
Authorities say the new framework forms part of broader public financial management reforms aimed at modernising procurement processes and strengthening fiscal discipline.
Treasury said the changes complement the rollout of the electronic Government Procurement (e-GP) system, which is designed to digitise procurement processes, improve accountability, and reduce opportunities for irregular spending.
Government officials also signalled a stronger policy shift towards domestic sourcing and wider adoption of the local currency in public transactions.
“In accordance with the 2026 National Budget Statement, priority will be given to domestically produced goods and services,” Ncube said. “Similarly, the Government of Zimbabwe will lead in the use of the local currency, and as a result, payments to local suppliers will be made solely in the local currency.”
Possible Impact on Suppliers
The decision could have implications for businesses that currently price goods and services in foreign currency or are owed payments in United States dollars.
Companies supplying government departments may face exchange-rate risks if contracts or outstanding invoices are converted into ZiG, particularly in sectors where imported inputs are priced in foreign currency.
Treasury said detailed implementation guidelines have already been issued to ministries, departments and agencies through Treasury Circular No. 4 of 2026 and a separate circular from the Procurement Regulatory Authority of Zimbabwe.
Officials say the new pricing framework will serve as a reference point for government procurement as authorities seek to stabilise costs and improve oversight of public spending.
By Granite Post Reporter, The Granite Post
