Tseka is Treasury’s new economics chief
Government has appointed Reserve Bank of Malawi (RBM) research and statistics chief Ralph Tseka as director of economic affairs at the Ministry of Finance, Economic Planning and Development.
Tseka goes to Treasury on secondment, according to Ministry of Finance spokesperson Nations Msowoya, who on Tuesday confirmed that the new economic policy tsar reported at Treasury early this week, but will substantively start work next week.
Being on secondment means Tseka remains a central bank employee and will enjoy a similar salary and benefits.
He replaces Zhuwao, who was recently relocated to the Ministry of Local Government and Rural Development as director of planning.
Tseka holds a Master of Science degree in economics from the University of Birmingham in the United Kingdom (UK) obtained in 1999.
He rose through the ranks of senior economist, principal economist within various departments in the bank, including research and statistics, exchange control debt management.
Tseka was first seconded to the Ministry of Finance for one year in 2005 to help champion Malawi’s path to the Highly Indebted Poor Countries (Hipc) Completion Point, which led to the cancellation of billions of dollars that Malawi owed to foreign creditors, especially multilateral financial institutions such as the World Bank.
In 2010, he was appointed director in the Governor’s office, while doubling as RBM’s official spokesperson, before taking on the research and statistics post in 2012.
