President Salva Kiir, the South Sudan leader has sacked central bank governor, Johnny Ohisa Damian, along with other senior finance officials, according to a report by the state television.
This is the second time Kiir will be dismissing a central bank chief in just over a year.
The announcement was made late on Monday and Kiir had not given reasons why he was dismissing Damian and appointing James Alic Garang, an advisor to the International Monetary Fund, as his replacement.
Kiir had additionally replaced the central bank’s two deputy governors, as well as the head of the government’s revenue authority and other senior officials in the finance and trade ministries.
The changes to the leadership of the central bank and finance ministry have been rampant in recent years, especially in 2020 when the central bank governor was replaced twice.
Damian had recently been appointed to the position in August 2022 after Moses Makur Deng was dismissed from the role.
South Sudan’s economy has been been badly hit since a civil war began 2013, forcing almost a quarter of its population to runaway to neighbouring countries.
The war had reduced the cost of oil production, the primary economic activity of the country.
Crude output has gotten better over the last couple of years, but it is yet to reach the levels seen before the war.
