BANK of Zambia Governor Dr Denny Kalyalya has warned citizens not to fall prey to scams promising quick enrichment, saying that there is no fast way to get rich. Dr Kalyalya also says the cost of living cannot come down unless the country grows its economy. When asked during a briefing on Friday what the Bank of Zambia was doing to stop Ponzi schemes taking advantage of citizens, Dr Kalyalya said in some instances, citizens had defended these Ponzi schemes and even labeled them as investors. “If I may just add, to us as consumers, these are illegal to begin with. But we are perpetuating that because of our behaviour. You want to make quick money, so someone comes with...

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