Former Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, has been appointed as a member of South Africa’s Presidential Economic Advisory Council.

The Economic Council is chaired by the South African president, Cyril Ramaphosa.

It was gathered that Ramaphosa appointed the Economic Advisory Council on September 27, 2019.

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 Economic Advisory Council 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.”.