RBZ Governor, Gono, to give full schedule of his personal and business loans

Zimbabwe Standard reporters that the Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono on Monday promised to give parliament a full schedule of his personal and business loans from local financial institutions, as well as those of the central bank, amid widespread claims that he was reluctant to act on certain financial institutions because of his relationship with them.

Gono made the promise to the Budget and Finance Portfolio Committee after being questioned about his personal indebtedness and that of senior RBZ officials to financial institutions

The question arose from speculation in the market that Gono and central bank officials did not promptly act on troubled Renaissance Merchant Bank's financial woes because they also owed the institution substantial amounts of money.


Gono admitted that he owed money to RMB in his personal capacity and through companies associated with him. He also revealed that some senior RBZ officials had debts with troubled financial institutions.

Committee chairman Paddy Zhanda asked if Gono could avail a full schedule of his debts before the committee to which Gono responded: "I promise to avail the schedule to your committee by tomorrow (Tuesday)."

It could not be ascertained yesterday if Gono had honoured his commitment.

The committee insisted that the request was not a witch-hunt but just the promotion of good corporate governance whereby senior central bank officials in line with the law had to declare their interests.