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Kganetsano moves to Finance ministry

Making moves: Kganetsano has moved from monetary to fiscal policy PIC MINISTRY OF FINANCE FACEBOOK
Making moves: Kganetsano has moved from monetary to fiscal policy PIC MINISTRY OF FINANCE FACEBOOK

Bank of Botswana (BoB) deputy governor, Tshokologo Kganetsano, has been appointed the permanent secretary in the Ministry of Finance.

A government statement seen this week indicates that Kganetsano’s appointment was with effect from December 31.

The monetary policy expert was appointed deputy governor in February 2021, rising from being the director of the Research and Financial Stability department in the bank. According to records from the central bank, Kganetsano joined the BoB in 1995 as an assistant research officer in the then Research Department (now Research and Financial Stability Department). He was redesignated Research Officer in 1998 and promoted to Senior Research Officer in 2002.


In 2009, Kganetsano was transferred on promotion to the Financial Markets Department as Manager, Open Market Operations and, in 2013, he was transferred to the Banking Supervision Department as Deputy Director. Kganetsano was then appointed the director of the Research and Financial Stability Department in March 2017, with the responsibility for providing economic, monetary and statistical analysis and policy recommendations in the areas of monetary and exchange rate policies as well as promotion of financial stability.

At the Finance ministry, he replaces Olesitse Masimega who has been transferred to the Ministry of Trade and Entrepreneurship as permanent secretary.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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