South Sudan President Fires Another Central Bank Governor

Cat:

Related stories

Revealed! The most beautiful city in Africa

Europe is home to several famous mega-cities, from London...

Elon Musk’s Fortune Plummets By $34 Billion As Feud with Trump Escalates

By Abiola Olawale Tech billionaire and founder of Tesla, Elon...

Gov. Umo Eno: Why I Dumped PDP For APC

By Kolawole Ojebisi After weeks of dilly-dallying which fuelled widespread...

[Video] Akwa Ibom: Gov Umo Eno Officially Defects to APC in Major Political Shift

By Abiola Olawale Akwa Ibom State Governor Umo Eno has...

Otedola Hails Dangote’s Refinery As “Eighth Wonder Of The Modern Era”

Applauds Tinubu’s Vision By Kolawole Ojebisi Nigerian businessman, Femi Otedola,...

By Agency Report

South Sudan’s President Salva Kiir has sacked central bank governor Johnny Ohisa Damian and other senior finance officials, state television announced, the second time he has removed a central bank chief in just over a year.

The announcement made late on Monday did not give a reason why Kiir was removing Damian and appointing James Alic Garang, an advisor to the International Monetary Fund, in his place.

Kiir also replaced the central bank’s two deputy governors, the head of the government’s revenue authority and other senior officials in the finance and trade ministries.

Abrupt changes to the leadership of the central bank and finance ministry have been frequent in recent years and in 2020 alone the central bank governor was replaced twice.

Damian only took up the position in August 2022 after Moses Makur Deng was removed from the role.

South Sudan’s economy has been depressed since a civil war that erupted in 2013, forcing about a quarter of its population to flee to neighbouring countries.

The war cut oil production, the mainstay of economic activity. While crude output has improved in recent years, it is yet to reach levels seen before the war.

Production in other sectors like agriculture has also plummeted, while in 2020 the double blow of the COVID-19 pandemic and plunging oil prices added to South Sudan’s woes.

Reporting by Waakhe Simon Wudu; Writing by George Obulutsa; Editing by Alexander Winning and Susan Fenton.

NB: Culled from Reuters

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Revealed! The most beautiful city in AfricaElon Musk’s Fortune Plummets By $34 Billion As Feud with Trump EscalatesGov. Umo Eno: Why I Dumped PDP For APC[Video] Akwa Ibom: Gov Umo Eno Officially Defects to APC in Major Political ShiftOtedola Hails Dangote's Refinery As "Eighth Wonder Of The Modern Era"Tears as Mohammed Uwais, ex- Chief Justice of Nigeria, Dies at 89Trump Slams Musk in Explosive Fallout Over Policy ClashNo Untouchables, I'll 'Touch' Abuja Wealthy And Heavens Won't Fall -- Wike BoastsTears As Nigeria's Ex-Ambassador To US, Jubril Aminu, Dies At 85"Why Wike's Politics Should Be Studied At Universities," Says Ooni of IfeUsing FOI Act As Blackmail tool Not Activism But Sabotage -- NEITI WarnsOil Prices Rise Despite OPEC+ Output Hike PlansTop 10 wealthiest cities in the world in 2025Ruto Teases Kenyan Men: Nigerians Marrying Our Women...'Balance This Scale' To Avoid Brain DrainTrump, Biden Clash Over Probe Into Alleged Cover-Up of Health Crisis
X whatsapp