South Sudan President sacks central bank governor

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He has been replaced by Moses Makur Deng who has been a director-general in charge of banks’ supervision and research at the bank.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