South Sudan President Fires Another Central Bank Governor

The New Diplomat
Writer

Ad

Why Wike Should Resign or Be Sacked: A Call to Organized Civil Society in Nigeria to Uphold Anti-corruption Standards with Consistency, By Frank Tietie

By Frank Tietie The revelations by Nigerian social crusader, investigative journalist, and activist Omoyele Sowore regarding the current Minister of the Federal Capital Territory, Nyiesome Wike, are serious and warrant the attention of all Nigerians who care about the integrity of the country. Sowore has alleged that Wike laundered funds and concealed the purchase of…

Dangote Refinery Slams PENGASSAN, Describes Order as ‘Economic Sabotage’

By Abiola Olawale In an escalating labor showdown, the Dangote Petroleum Refinery has fired back at the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), criticising the latter’s order on Saturday. This is as the refinery owned by Africa’s richest person, Alhaji Aliko Dangote described PENGASSAN's order to cut crude oil and gas…

Intimate Affairs: ‘I don’t want a mother-in-law,’ By Funke Egbemode

By Funke Egbemode Tola doesn’t wish anybody dead. She just doesn’t want to go through what her mother went through in the hands of her grandmother. She had been told that she might just be lucky and end up with a husband with a kind mother. But she’s scared, I believe, irredeemably, by the trauma…

Ad

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

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp