I will step down-Gono
Embattled Reserve Bank of Zimbabwe governor Gideon Gono says he will step down at the end of his term next month and will not seek to be re-appointed.
“I know one thing for certain, this governor shall not serve one day longer than he is allowed by his principals,”Gono told delegates to the just-ended Confederation of Zimbabwe Industries (CZI) congress.
MDC secretary general Tendai Biti who is highly tipped to take over as Minister of Finance in the new all inclusive government early this year blamed Gono for Zimbabwe’s economic woes.
“Gono is the number one enemy of this country, not inflation,” Biti,MDC-Harare East said. “He has been stoking the fires of inflation through quasi-fiscal activities.
Banker and senior MDC official Elton Mangoma who could be appointed Minister of Economic Planning and Investment Promotion is a vocal critic of the central bank chief and called Gono’s recent monetary policy statement, inconsequential “tinkering” with the symptoms of the problem.
Sources speculated that Gono will likely be replaced by deputy governor, Edward Mashiringwani as acting governor until a suitable replacement is found.
The theme for this year’s CZI congress was “Economic Policy, Industrialisation, Agriculture, Economic Policies and Infrastructure Development”.
“CZI believes in the free enterprise system and with strong, well focused policies, as the only way of restoring viability and the return to the economic growth path, hence the objective is to use this congress to come up with strategies and concrete policy proposals on industrialisation, agriculture, economic policies and infrastructure development,” the CZI said in a statement announcing the congress dates last week.
Posted by Simba Dzvairo
on October 31, 2008. Filed under Financial News,Local News.
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