Before you appoint any one as a new BOT Governor, Tanzanians would like to know the fate of that report that was handed to you more than 6 weeks ago and what action(s) would be taken against those who are guilty of wrong doing. Race for Ballali's seat hots up By MIKE MANDE Special Correspondent THE EAST AFRICAN The sudden resignation of Bank of Tanzania Governor Daudi Ballali on health grounds has thrown the door wide open in the race for his replacement. Though the government and the Bank are tight lipped over the issue, sources told The EastAfrican Mr Ballali handed his letter of resignation to President Jakaya Kikwete on December 19. "We have no official communication at all. We don't know whether he has resigned or not. We are reading this in the newspapers," said Director of Communications at the State House Salva Rweyemamu. Permanent Secretary to the Treasury Gray Mgonja gave the same answer, insisting he had no information on Ballali's reported resignation. Mr Ballali had travelled to the US to receive medical attention. But efforts to reach Mr Ballali and Deputy Governor Juma Reli proved fruitless as their phones went unanswered. Academicians and top bankers are being mentioned as the likely successors. Among them are Deputy Governor Juma Reli, Dr Natu Mwamba, a director at the Bank, Peter Noni, Director of Economic Policy at BoT and Mr Mgonja, Treasury PS. Also mentioned is Dr Charles Kimei - who had been at the Bank and is credited with turning round CRDB Bank, now the strongest bank in the country - and Dr Ramadhani Dau, the managing director of National Social Security Fund. The sudden resignation of Mr Ballali comes at a time when investigations into alleged impropriety in the Central Bank's external payment arrears account, are ongoing and a report is expected to be presented to the government early next year. In September, Ernst&Young auditing firm was appointed to investigate the alleged financial scam at the Central Bank. Mr Ballali has in the recent past come under heavy criticism from the public and Members of Parliament who called for his resignation, for allegedly mismanaging public funds at the Central Bank. The investigations at the central bank are significant because it is the first time the country will be conducting a thorough and independent investigation into the sensitive area of the commercial external debt account that is prone to abuse by corrupt regimes in developing countries.