Public welcomes RBZ Governor’s reappointment
By admin on Dec 2, 2008 in Uncategorized
From Newsnet Fri, 28 Nov 2008
The public has welcomed the reappointment of the Reserve Bank Governor, Dr Gideon Gono for a second five year term in office saying this allows the Governor to complete his policies and programmes for turning around the economy.
In a survey carried out by the ZBC News in Harare, a cross section of the public expressed confidence in the Central Bank Governor’s reappointment as this will give him more time to accomplish the empowerment programmes initiated during his first term in office.
In his acceptance statement following his reappointment, Dr Gono said that the Reserve Bank will, beginning January next year, tighten the monetary policy stance by scraping quasi-fiscal operations with a view to concentrate on controlling inflation and stabilizing financial markets.
He said parastatals, local authorities, ministries and government departments, will be required to fulfill their statutory mandates without assistance from the central bank as has been the case over the past five years.
The Central Bank Governor however revealed that a new company will be put in place to manage the outstanding quasi fiscal programmes.
The Reserve Bank has over the past five years supported local authorities, troubled banks with rescue packages and the land reform programme through procurement of inputs and agricultural equipment.
President Mugabe this week re-appointed Dr Gono for another five-year term which ends in 2013.
This article is from the Zanu controlled media. For any Zimbabwean this story is laughable and at the same time its chilling! What will happen if Gono is allowed to “accomplish the empowerment programmes initiated during his first term in office”?
Is anyone out there feeling empowered? Is it empowering to be hungry? Is it empowering to have to deal with the highest inflation rate in the world, ever? Is it empowering to watch your children starve to death? Is it empowering to listen to the drivel and endless pathetic excuses for why the country is in such a mess?
Mugabe, Zanu PF, Gono – are no more than a criminal cabal intent on personal enrichment. And they are prepared to do ANYTHING, including the rape, torture and murder of defenseless Zimbaweans, to hang onto power and continue their plunder of resources of national assets.
admin | Dec 2, 2008 | Reply