Friday, April 23, 2021

The Impasse at the Central Bank and the Way Forward

Must Read

State Security Agents Put in Place Measures to Prevent Attack on Gunjur Immigration Post

By Mustapha Jallow A regional deputy commissioner of immigration has on Thursday told Foroyaa that security measures have been put...

Ganbanaax Sues URR Governor, Others

By Lamin Fatty Lawyer Lamin K Mboge said on Tuesday 20th April 2021 that his clients Ganbanaax have instituted civil...

State Files Motion Seeking to Stay NIA 9 Case after Yankuba Badjie and His Colleagues Protested against Justice Kumba Sillah Camara

By Yankuba Jallow Private lawyers hired by the State to prosecute former officials of the National Intelligence Agency have filed...

A President is empowered to appoint any qualified person to be a Minister. Any appointed person could decline an appointment. This should be seen as normal. The Governor of the Central Bank has been appointed Minister of Trade. There has been allegation of victimization in social media. What is not clear is whether the Governor has written to resign from the post of Governor and to accept the post of Minister by force. If this has not happened, then the Governor is simply expected to reply to the letter of appointment to be a state Minister and leave the executive to react. Foroyaa is monitoring all developments, stage by stage. Good faith and Public interest should guide all public appointments.

It is true that a Ministerial post is higher than the post of Governor of the Central Bank, but a Governor has a greater security of tenure than a Minister.

In short Section 162 Subsection (11) of the Constitution states “ In the performance of its functions, the Central Bank shall be subject to the direction and control of the Ministry of Finance, in accordance; with the Central Bank Act, or any Act of the National Assembly amending or replacing the said Act.”

Furthermore subsection (12) adds ‘The Central Bank shall have regular consultations with the President and any other relevant authorities or agencies.’’

Hence there should be no misunderstanding or animosity between a Governor of the Central Bank and the office of the President.

- Advertisement -

Latest News

State Security Agents Put in Place Measures to Prevent Attack on Gunjur Immigration Post

By Mustapha Jallow A regional deputy commissioner of immigration has on Thursday told Foroyaa that security measures have been put...
- Advertisement -
- Advertisement -

People Also Read This