President Kiir told to fire finance minister, BoSS Governor
The South Sudan Business Community is calling on President Salva Kiir to immediately relieve both the finance minister and the Central Bank Governor for their failure to control runaway inflation.
Ayii Duang Ayii, the chairperson of the South Sudan Business Community, said the two offices have failed to save the local currency from the dollar, adding that if nothing is done, several businesses will close shop, leading to a massive loss of jobs.
“The minister of finance and his central bank governor have failed to control the dollar exchange rate as such; things continue to worsen day and night. If these guys are not sacked, South Sudanese are going to suffer more,” said Ayii.
Dier Tong Ngor, a graduate of the University of Khartoum, was appointed minister of finance and planning in August 2022.
He has a degree in business administration (finance major).
He was brought to the ministry to stabilize the economy at a time when the exchange rate was below SSP 600 per dollar.
Six months down the line, the local currency has lost almost half of its value since he took over.
“As a leader of the business community in the country, I am calling on the president of the republic, President Salva Kiir, to immediately remove these guys, as soon as possible to remedy the situation,” added Ayii.
Johnny Ohisa was appointed to office at the same time as Ngor.
“Instead of empowering national traders, the leaders of the country’s financial institution are auctioning heavy dollars to banks.
“If Kiir is thinking of helping South Sudanese, he has to help the situation,” he emphasized.