This week Ambassador Advisory's Refilwe Moloto chats to John Maytham about central banks in Africa.
On the back of the breaking news this week that South Africa's Public Protector Busisiwe Mkhwebane order for the Constitution to be amended in relation to the Reserve Bank's mandate, Refilwe Moloto takes a look at how central banks work throughout Africa.
Primarily a central bank is a lever that government gets to use in its ability to enable an economy to work.— Refilwe Moloto, Ambassador Advisory principal and founder
It is a tool that can assist government as a part of the arsenal of tools government has of its own.
It is fundamentally first and foremost a bank, and so it works with prices.— Refilwe Moloto, Ambassador Advisory principal and founder
It is there to protect price stability, she says.
Take a listen to her fascinating insights of South Africa and other central banks across the Continent: