Minister of Finance and Economic Development, Mthuli Ncube has dissolved the entire board of the Zimbabwe Revenue Authority (Zimra) with immediate effect. The minister made the announcement at the presentation of the mid-term monetary policy statement on Monday. A new board will be appointed in due course and until the new board is appointed Zimra management will be run by the Treasury. Zimra has also been ordered to stop the appointment of key personnel. The hiring of all vacant senior positions has also been frozen.
Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga said the board had been dissolved for governance purposes. Guvamatanga added that the board’s term had already ended and an application for an extension of the’ board’s term had been denied by the government.
Said Mthuli Ncube,
In order to enhance governance at ZIMRA, I hereby terminate the term of the current Board with immediate effect. I have proposed names of new Board members which are currently being cleared.
The new Board will be announced in due course. In the meantime, ZIMRA senior management will be reporting directly to Treasury. I take this opportunity to thank the outgoing Board members for the services rendered. ZIMRA senior management is hereby directed to cease all recruitment of new personnel within ZIMRA until a new Board is in place. This is to allow the new board to have input into critical appointments.
Going forward, systems of ZIMRA will be upgraded and enhanced in order to improve efficiency in revenue collection, especially at border posts. Mechanisms will be put in place to eradicate any corrupt activities.
Writing on Twitter, Ncube added,
The dismissals mark the start of reforms the government is implementing to get its finances under control.
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George Guvamatanga is a senior civil servant and the current Permanent Secretary In the Ministry of Finance and Economic Development in Zimbabwe. He is the former Managing Director of Barclays Zimbabwe. He was also the president of the Bankers Association of Zimbabwe (BAZ). Read More About George Guvamatanga
Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube
The Ministry of Finance and Economic Development is a government organ which administers the country's fiscal and financial aspects through its respective departments. It has various organs administered by different personnel and these include among other the Reserve Bank of Zimbabwe and the Zimbabwe National... Read More About Ministry of Finance and Economic Development