Tuesday, February 9, 2016

Central Bank is without a Board of Directors in the midst of an economic emergency

Amadou Colley, Central Bank Governor
As the Central Bank registers another dismal annual report to the National Assembly, it was being revealed that the institution charged with managing the country's monetary policy is operating without a Board of Directors since last year, according to reliable sources.

The terms of Benjamin Carr, Alh. Mustapha Ka and Geoffrey Renner have expired since last year with no sign of the renewal of their appointments nor the appointments of new Members to replace them.

This latest development can only be characterized as a dereliction of duty on the part of one of either the Governor of the Central Bank and/or the Minister of Finance.

Ultimately, the blame rests squarely on the shoulders of the Gambian dictator, Yaya Jammeh who continues to display lack of depth to comprehend the gravity of the spiraling public debt situation and the devastating effect it is already having on ordinary Gambians.