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Calls for Malawi's finance minister to resign

05 February 2016, 20:52

Lilongwe – Malawians have reportedly called for Finance Minister Goodall Gondwe to resign, saying he has failed the Southern African country.

According to the Nyasa Times, text messages read out on Capital Radio blamed him for the country's economic problems.

Many concerned citizens said a younger finance minister would fix the economy.

"He has outlived his professional life," read one text message. It recalled his professional history which began with a post at the Reserve Bank in 1966.

"That man has seen many moons and he is not the same sharp young World Bank economist that he once was. The pressure may just be too much for him," Nyasa Times chief editor, Thom Chiumia wrote in a column titled "Age of unreason reigns when everything is ‘falling’ in Malawi".

Some, however, said the current economic hardships, such as the depreciation of the local kwacha, which currently stands at K725 against the US dollar, were not his fault, but a global problem. 

Earlier this week, Gondwe said he believed the weakening kwacha would stabilise in a week or two.

"If you go to the black market area, you will find that the difference between the black market rate and the official rate is not much, which means that it has reached its equilibrium," Gondwe was quoted as saying. 

Gondwe blamed the country's economic problems on frozen donor aid, floods and drought, among other factors.

- News 24


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