Bank of PNG Governor Loi Bakani

Declining PNG revenue a budgetary challenge

This is one of the current challenges facing the country, according to a presentation by Bank of PNG Governor, Loi Bakani.

Presented at the National Development Forum last week, other challenges include:

BPNG Governor to produce affidavit on recovered money

Justice Panuel Mogish issued an order for the State to inform BPNG Governor, Bakani to give an affidavit before 1:30pm tomorrow (Wednesday) and inform the Court of how much money is in safe custody of the Central Bank.

The order came today after one of the accused in the K6 million G4S robbery case of 2013 pleaded guilty to receiving stolen property from that robbery.

Thomas Karo told the Court through his lawyer today that K323, 660 has been handed over to police arresting officer that has since been given to the custody of the Central Bank.