News Column

Chikwanda, Gondwe Must Go, Says Nawakwi

June 2, 2014

Opposition Forum for Democracy and Development has called for the Minister of Finance and Bank of Zambia governor to be removed for not taking the depreciation of the kwacha seriously.

Addressing a press briefing this morning, FDD President Edith Nawakwi said the duo was too comfortable and did not seem with a clue to deal with the tumbling local currency.

"If you have a Central Bank governor who trivializes the impact of the slide in the value of the country's currency then this requires that it be addressed," she said.

"We have not heard anything from the Ministry of Finance, I tend to think that the Minister of Finance and his bank governor simply are too comfortable in their jobs to be able to pay any attention to the impact that instability is having on the poverty, on the increased deterioration in the quality of the people of Zambia are facing."

Nawakwi delivered her blow, "We therefore think that we are left with no solution but to request the appointing authority to move the duo to much easier jobs."

The kwacha has been teetering between K6 to K7 against the United States dollar and has not shown any discernible sign of slowing.

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Source: AllAfrica

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