Deputy Minister of Finance and Economic Planning, Terrence Mukupe has claimed that Zimbabwe’s economic problems have been partly caused by incompetent Ministers of Finance with no background in finance. Mukupe inadvertently fired a broadside at his boss, Finance Minister Patrick Chinamasa. Speaking at Transparency International Zimbabwe event last week, Mukupe said,
The problem we have in Zimbabwe is we have Ministers who are non-finance people making decisions on financial matters hence the country is in such a situation. The problem that we have had in Zimbabwe is we had a proper guy running the Finance Ministry and that was the late Bernard Chidzero and I think that was the last time our country had a surplus.
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And then when you look at the decisions that the Finance Ministers have always been making whenever they have the issues with the budget, their default has always been to increase taxes. That is all you need to tell there has been limited capacity of thinking.
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Bernard Chidzero was a Zimbabwean economist, writer and politician. He is most known for having run for secretary general of the United Nations in 1990. He was Zimbabwe's finance minister between 1983 and 1995. He was succeeded by Ariston Chambati. Read More About Bernard Chidzero
Patrick Anthony Chinamasa is a Zimbabwean politician and a member of Zanu-PF. He is the former Minister of Finance and Economic Planning. He was reappointed to the ministry after President Emmerson Mnangagwa had appointed his cabinet in November 2017. Chinamasa is former Minister of Cyber... Read More About Patrick Chinamasa
Transparency International Zimbabwe (TIZ) is a non- profit, non- partisan, systems oriented local chapter of the international movement against corruption. Its broad mandate is to fight corruption and related vices through networks of integrity in line with the Global Strategy. TIZ was established in 1996... Read More About Transparency International Zimbabwe