Sunday, May 26, 2024

South Sudan President sacks central bank governor

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Elvis Adjetey
Elvis Adjetey
Elvis Adjetey is an experienced African journalist who has worked with top media brands in Ghana where he is based.

South Sudan’s President Salva Kiir has sacked the central bank governor.

The dismissal of Dier Tong Ngor was announced in a presidential decree read on the national broadcaster. No reasons were given for his sacking.

He has been replaced by Moses Makur Deng who has been a director-general in charge of banks’ supervision and research at the bank.

South Sudan’s economy is driven by oil, which accounts for nearly 90% of the country’s national budget.

The economy is in a bad shape due to the conflict and the drop in global oil price as a result of Covid-19 pandemic.

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Some South Sudanese online have welcomed the appointment of Mr Deng and urged him to improve the economy.


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