Dr Perks Ligoya (pictured), a macroeconomist has been appointed new Reserve Bank of Malawi Governor after Victor Mbewe was forced to resign amid shortages of foreign currency.President Bingu wa Mutharika, who once served as Central Bank deputy governor, appointed Ligoya for a five-year contract. The appointment was confirmed by government officials and state radio, MBC announced on Monday.
Ligoya is a respected economic expert who was working Director of Economic Affairs in the treasury. He previously worked for the Reserve Bank and also had a stint with the International Monetary Fun.
He championed the cause of poverty reduction in Malawi through the civil society organisations which he led and advised.
The new Reserve Bank Governor served as head of the Economics Association of Malawi. His challenge would be to solve the forex crunch which Malawi is facing.
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