Photo shows Central Banks officials taking oath in Juba, the capital of South Sudan.

South Sudan central bank chief warned of sack if performances are not met 

The newly appointed Governor of the Bank of South Sudan Johnny Ohisa Damian alongside his team have been put on early notice of being relieved of their duties if they do not meet performance expectations at the apex bank.

This was revealed recently by Martin Elia Lomuro, the Minister of Cabinet Affairs during the swearing in ceremony of Ohisa and his two deputies Addis Ababa Othow Akongdit, 1st Deputy Governor and John Maciek Acuoth, 2nd Deputy Governor of the Bank of South Sudan. 

 “You are a team of young professionals and if you don’t succeed it will be unfortunate,” Lomuro said last week.

He advised the new team to mainly focus on provision of financial services to the people.

 “The President is making changes because he wants services to be delivered to the people,”  Lomuro said.

Ohisa is the sixth governor of the central bank replacing Moses Makur Deng who was sacked in early August this year.

 “We can make changes that will advance the people within the next two years. This can be done by implementing the monetary policies,” Ohisa said.

President Salva Kiir has incessantly been sacking governor of the central bank specifically when the local pound increasingly depreciates against the Green Buck (U.S dollar).

Mismanagement of the majority oil-dependent economy by few military and civilian elites is the cause of the high inflation within the official and black market exchange rates.

It should be remembered that South Sudan’s economy is struggling to recover after being battered by years of conflict since December 2013.

Facebook Comments Box