Katsonga diagnoses cash-leak cure: PPM to abolish Account Number for a Central Govt Account

President of Progressive People’s Movement (PPM) Mark Katsonga Phiri hopes he will guide PPM to power in May 20 elections, saying Malawians should give chance to transformational leaders to end a culture of corruption, wastefulness and secrecy.

Katsonga who was endorsed by his party convention last week to be its presidential candidate in the May elections, said a culture of corruption, wastefulness and secrecy come to the fore with revelations of plunder of public funds at the Capital Hill christened as cashgate.

Katsonga Phiri: PPM will end cashgate politics

Katsonga Phiri: PPM will end cashgate politics

He said the cashleak is encouraged by Malawi government’s account number at the central bank with K351.7 billion being lost in illicit transfers.

According to Katsonga Phiri, a wealthy businessman and former lawmaker, between 1994 and 2004 (the era of United Democratic Front (UDF)), Malawi lost K1.7 billion; from 2002 to 2011 (UDF to DPP) government lost K240 billion in illicit transfer of funds from the consolidated account.

Former ruling Democratic Progressive Party (DPP) is said to have presided over the mismanagement of over K90 billions of taxpayer’s money.

He said the current administration of President Joyce Banda and her People’s Party (PP) is the initiator and beneficiary of the cashgate where billions have been looted.

According to Katsonga, a total of K351.7 billion was lost or mismanaged, especially through payments to banks without details of beneficiaries and the purpose of the payments.

“Which is why PPM government will abolish the consolidated account and create a central Government Account with new mandate for its control,” said Katsonga outlining his party’s 20-point plan.

“The new account will be more transparent to remove its vulnerability to abuse by the executive arms of government,” said Katsonga.

The K351.7 billion, according to him, was enough to construct 7,034 health centres (251 each district; 31 each constituency); 23,400 school blocks (836 each district, 121 each constituency); 35,100 teachers houses (1,254 each district, 182 each constituency); and 117,233 boreholes (4,187 each district, 607 each constituency). There are 28 districts and 193 constituencies in the country.

“PPM’s vision is to provide leadership of integrity and guarantee the people of Malawi a secure environment, an environment conducive to a vibrant democracy and economic prosperity underpinned by good governance.

“PPM seeks to break the vicious circle of poverty, corruption and injustice by promoting an open and accountable democracy, equitable and rapid socio-economic growth and total respect for the Republican and its party Constitutions,” said Katsonga.

Katsonga Phiri said the country is facing various challenges and that it is only PPM that has solutions.

He also said his 20-point plan would transform the country and make Malawians independent.

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