The Bank of Namibia has won the award for transparency at the annual Central Banking Awards for its enhanced transparency in monetary policy communication. 

Organised by Central Banking Publications, the annual awards celebrate outstanding performance in the central banking community.

As the overall winner in the Transparency Category, the Bank of Namibia was recognised for its efforts in broadening the reach and depth of its monetary policy communications and enhancing transparency in the execution of its price stability mandate.

According to Central Bank Publications, the awards are granted on merit through a competitive selection process.

Governor Johannes !Gawaxab in accepting the award, said the award serves as a testament to the bank’s unwavering commitment to transparency and stakeholder engagement in safeguarding price stability. 

He said that through the Bank’s Strategic Plan (2022-2024), the central bank had prioritised expanding the reach and depth of interactions, ensuring that every decision the Bank makes is communicated clearly.

Promoting transparency, !Gawaxab said, not only ensures accountability for policy decisions but also offers clarity regarding objectives, strategies, and decision-making processes.