South Sudan’s President Salva Kiir has dismissed the central bank governor and appointed a replacement.
The dismissal of Dier Tong Ngor was announced in a presidential decree read on the national broadcaster on Monday night.
No reasons were given for his sacking.
He was 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.
Some South Sudanese online have welcomed the appointment of Mr Deng and urged him to improve the economy.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Cedi turnaround reflects strong coordination between monetary and fiscal policy – Finance Minister
6 minutes -
Cedi’s 16.7% surge marks major economic turnaround – Finance Minister
8 minutes -
‘I am sorry’ – Bawumia apologises to NPP members over 2024 election defeat
11 minutes -
Cedi’s surge marks the beginning of sustainable economic reset – Ato Forson
17 minutes -
Residents blame poor drainage planning for deadly Lakeside floods
22 minutes -
Cedi’s strong performance must reflect in prices – Joyce Bawah tells businesses
32 minutes -
Minority questions Adongo’s dual role on BoG board and finance committee
37 minutes -
Grammys, MTV Awards don’t play visualisers – Lyrical Joe
38 minutes -
IMANI on how to make Ghana’s automotive industrialization strategy work
39 minutes -
Asenso-Boakye writes: A new city for Ghana? Yes—but let’s get it right
42 minutes -
Mexico mourns Navy cadets killed in Brooklyn Bridge ship crash
43 minutes -
PNP raises alarm over the state of NHIA, calls for urgent intervention
1 hour -
Education stakeholders caution teachers against exam malpractices ahead of 2024 BECE
1 hour -
Heavy rains signal peak of our rainy season – GMeT warns Ghanaians to stay alert
1 hour -
Galamsey near Police barrier in Wassa Japa sparks outrage
1 hour