Bank of Namibia (BoN) Governor

Kandjemuni Kamuiiri Bank of Namibia (BoN) Governor, Johannes !Gawaxab, has come out in defence of existing high banking fees and charges,stating that it was not the role of the central bank to detect what should be charged. This comes amid concern that high bank charges and fees in the country are contributing to financial exclusion, as members of the public shy away from the formal banking system. “We need to be careful that we don’t go tell the banks ‘thou shall charge the following fees’ because if that happens then we have got issues with financial stability in the country…