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Public express outrage over BoG's retirement package for staff
Most people on twitter argue that if the Central Bank has such amount of money, they should rather use it to help develop the country instead of buy gold watches.
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A statement released by the Communication Department of the Central Bank yesterday (Wednesday) explained that per the tradition of the Central Bank, they award to staff of the Bank who has served in the institution for thirty years or more.
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The statement also added that the procurement process was started before the current governor of the bank took over.
READ ALSO: BoG to renounce its ownership of two banks
Media reports suggest that some documents making the rounds indicate that the Central Bank sent a request to the Public Procurement Authority (PPA) to sole source the watches from a Swiss watch Company.
But the Bank argued that they went through the required process to procure the watches.
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