Conakry (Guinea) The Guinean government set up an independent commission, attached to Prime Minister Lansana Kouyate, in charge of examining the status, running, and monetary and exchange policies of the Central Bank of the Republic of Guinea (BCRG), APA learnt from official sources in Conakry.
As regards the status of the BCRG, the commission will examine the instructions and procedures relating to the running and the operations of the institution as well as the status of the staff.
This commission comprises four personalities, including one former BCRG Governor, Kerfalla Yansane, and a former Planning minister, Dr. Ousmane Kaba.
According to a government note published Friday, it will have to look into the law relating to the activity and the monitoring of credit institutions, in order to suggest a number of reform measures for the BCRG, together with an action plan.
The Commission will be backed in its task by the legal business department of BCRG and can count on the competences of resource people of the bank’s administration as well as its internal and external auditors.
The decision of the government follows the call, on May Day, by CNTG-USTG, ONSLG and UDTG trade unions to incorporate the Central Bank to the Prime minister’s office, in order to ensure its independence.
The trade-unions, in a memorandum to the PM on 27 April, requested a change at the head of this institution whose management they very much despise.
Published by Korir, African Press in Norway, apn, africanpress@chello.no tel +47 932 99 739 or +47 6300 2525 source.apa