President Emmerson Mnangagwa PRESIDENT Emmerson Mnangagwa’s government is considering a cocktail of measures to reduce local production costs, including a reduction in fuel taxes and tax debt cancellation, in a bid to arrest price increases which pose the biggest challenge to its bid to revive the economy. Inflation reached a five-year peak in December, official data showed this week, as foreign currency shortages continue to wreak havoc. Economic analysts have urged government to implement a form of internal devaluation in order to reduce the country’s high cost of production and restore competitiveness. Energy and transport costs are the second and fourth biggest weights, respectively, in the basket used to compute inflation. With as much as 63…