15. Appointment of the Governor and other appointed members and the Senior Deputy Governor of the Central Bank

The Minister shall, having regard to the provisions of section 17, recommend to the President-

In recommending the names of persons to be appointed as members of the Governing Board referred to in paragraph (b) of subsection (2) of section 8, the Minister shall take into account the desirability of promoting diversity in the membership of the Governing Board.

Upon the receipt of the recommendations of the

Upon the receipt of approval of the Constitutional

Where the Constitutional Council refuses to approve the name of a person referred to in subsectioin (3), the

Where the President is of the view that any person recommended under subsection (1) is not suitable for such appointment, the President shall, in writing, communicate such fact along with reasons therefor to the Minister and the

Where the Minister receives a communication referred to in subsection (6), he shall recommend to the

The Minister shall, on the recommendation of the

Every appointment made under this section shall be subject to the provisions of section 17.

The Deputy Governors of the Central Bank shall be employees of the Central Bank.

The appointment of the Deputy Governors of the

The appointments referred to in subsection (1) shall be finalized not more than a period of thirty days prior to the expiration of the term of office of the previously appointed member.

In the event of the President failing to appoint any person approved by the Constitutional Council under subsection (4) within a period of thirty days from the date of approval of the Constitutional Council, such person shall be deemed to have been appointed as the Governor of the