Ligoya asks central bank governors collaboratation to protect job

Reserve Bank of Malawi governor Dr Perks Ligoya, who is also chairman of the Association of African Central Banks (AACB), has called  for collaboration of African Central Bank governors against undeserving removal.

Ligoya made the call on Wednesday in Abuja, Nigeria at the first ordinary meeting of AACB.

Accoridng to The Nationof Nigeria, he  told his fellow central bank governors “to take time to think out what is happening in some African countries, such as Egypt, Libya, South Sudan, Madagascar and the rest of the world and to link that to the relevance of the institution.”

Ligoya: Job protection

He said for example in Zambia, there has been a change of government and their colleague was unceremoniously dismissed and against the very terms he was employed.

“There is something happening now in Madagascar. The governor has been sacked and the general manager has been asked to take over. The governor in South Sudan who started the South Sudan central bank you know what happened? Somebody else is there,” the Nigerian online publication quoted Ligoya as saying.

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