Days after making Forbe Africa list of 50 most powerful women in Africa, economist an former Nigerian finance minister, Ngozi Okonjo-Iweala has just been appointed a member of South Africa’s presidential economic advisory council which is chaired by the president himself, Cyril Ramaphosa.
In a statement published on its website, the presidency said the council will “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”.
The council, which is made up of local and international economic thought leaders, is expected to “advise the president and government more broadly, facilitating the development and implementation of economic policies that spur inclusive growth. The council is a non-statutory and independent body chaired by the president and brings together prominent economists and technical experts drawn from academia, the private sector, labour, community, think tanks and other constituencies.
“The members, who will volunteer their time and be compensated for subsistence and travel, are appointed to serve a three-year term.”
The council recently held its second meeting on Friday in Tshwane.
South Africa’s economy is currently in a recession; its second in two years.
A two-time Nigerian minister, Ngozi Okonjo-Iweala is an international development expert who sits on the boards of Standard Chartered Bank, Twitter, Global Alliance for Vaccines and Immunization, and the African Risk Capacity.
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. pic.twitter.com/MMhZ3MLneQ