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Zimbabwe Central Bank Board Members Miffed at Slight by Governor Gono

  • Gibbs Dube

RBZ board members charged that Arthur Manase, secretary of the board, heard from parliament about the hearing a month ahead of time, but did not invite board members to allow Gono to dominate the proceedings

Some members of the Reserve Bank of Zimbabwe board have castigated Governor Gideon Gono for failing to inform them on a timely basis of a parliamentary budget committee hearing on the central bank and financial sector liquidity.

RBZ board members speaking on condition of anonymity charged that Arthur Manase, secretary of the board, heard from parliament about the hearing a month ahead of time, but did not invite board members to allow Gono to dominate the proceedings.

Gono showed up with board member George Smith, a retired judge, adviser Munyaradzi Kereke and Manase. Board members said the parliamentary committee was right to send Gono away until a more representative sampling of the board could be present.

Budget Committee Chairman Paddington Zhanda said Gono has been summoned with his nine board members to testify on the budget in the next two weeks.

"We have told him that we want to finalize the matter and therefore we expect him to come back to us within the stipulated time to deliberate on RBZ matters and other issues," Zhanda told VOA Studio 7 reporter Gibbs Dube.

The Reserve Bank's board has had a greater say in the management of the central bank since the reorganization of the financially ailing institution over the past two years.

Political analyst Nkululeko Sibanda said Gono does not want parliament to dig into his record which includes printing money to fund projects advanced by President Robert Mugabe's ZANU-PF party such as a failed agricultural mechanization project.

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