Gono demands US$10million exit package

Harare- Embattled RBZ Governor Gideon Gono is demanding US$10 million from Prime Minister Morgan Tsvangirai as exit package if he is removed from his position.

Gono, who recently wrote a letter to Tsvangirai complaining about his rift with Finance Minister Tendai Biti is said to have tabled his demands to Tsvangirai after pressure continued to mount for him to quit his post at the central bank.
Government sources said Gono told Tsvangirai that he was expecting US$10 million if he is pushed out of his contract.

Gono was fast tracked into a second five year term by President Mugabe last year, although his appointment was unconstitutional.

“Gono has come up with demands that he knows very well that the country can not afford at this time, considering our financial position,” said a source in the Government.

The source added that Gono’s demands were part of measures to force Tsvangirai, Biti and others who are opposed to his appointment to buckle in.

“He wants to create a situation where the Government will be left with no option expect to see him go through his term.”

Gono’s continued stay at the helm of the country’s central bank has continued to stifle the flow of aid with most donors vowing that they will not put in their money as long as Gono was still at the helm of the central bank. Gono admitted that he misused people ‘s money to prop up Mugabe’s Government when it was on the verge of collapse.

His economics, described as the worst in the world, hinged on printing money to buy foreign currency at the black market and fishing foreign currency from exporters and NGO’s accounts without their consent. Opposing voices to Gono said his appointment violated the MOU and the political agreement signed among the political parties last year.

Two principals, Tsvangirai and Mutambara want Gono out while Mugabe want to retain him.
Gono is also President Mugabe’s personal banker.

Source: (ZimEye)

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Posted by Sakhile Malaba on May 22, 2009. Filed under Politics & Foreign. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.