Business

Ngozi Okonjo-Iweala now member of South Africa’s economic council

Ngozi Okonjo-Iweala now member of South Africa's economic council

 

Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, has been appointed into South Africa’s presidential economic advisory council.

The council chaired by South Africa’s president , Cyril Ramaphosa, has other members in the council.

Members of the council are expected to “ensure greater coherence and consistency in the implementation of economic policy and ensure that government and society in general is better equipped to respond to changing economic circumstances”.

Okonjo-Iweala tweeted the appointment with a photo of herself Ramaphosa;

“With President Ramaphosa, members of cabinet, and members of the Presidential Economic Advisory Council in Pretoria discussing sources of growth for the South African economy and win-win economic interactions with the continent,” she wrote.

The council held its second meeting on Friday in Tshwane.

South Africa’s economy is currently in a recession; its second in two years.

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