( 3 minutes read)
· The Bank of Zambia has scotched the news making rounds in social media that its Governor Mr Christopher Mvunga had resigned
· Central Bank in a statement has told the public to treat the reports as false and unfounded
· The Bank maintained that if left unchallenged, the news have the potential to destabilize the financial sector and the economy as a whole
The Bank of Zambia has scotched the news making rounds in social media that its Governor Mr Christopher Mvunga had resigned The Central Bank in a statement has told the public to treat the reports as false and unfounded.
The Bank maintained that if left unchallenged, the news has the potential to de-stabilize the financial sector and the economy as a whole. Reports of this nature, the communiqué put out by the Bank, said have the potential to tarnish the image of the country both locally and internationally.
The Bank of Zambia has gone through various changes in its organizational structure over time, The Bank has shed off staff in areas where outsiders could easily be contracted to provide the same services more satisfactorily. The areas now being contracted to external bodies include: outside security, canteen services, club and maintenance. The Bank has seen the total number of staff fall from 1,400 to well below 850.
