{"id":31065,"date":"2023-01-25T08:57:19","date_gmt":"2023-01-25T08:57:19","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-directs-commercial-banks-to-close-all-govt-bank-accounts"},"modified":"2023-01-25T10:51:09","modified_gmt":"2023-01-25T10:51:09","slug":"boss-directs-commercial-banks-to-close-all-govt-bank-accounts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/boss-directs-commercial-banks-to-close-all-govt-bank-accounts","title":{"rendered":"BoSS directs commercial banks to close all govt bank accounts"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The Bank of South Sudan has written to commercial banks to close all government bank accounts.<\/p>\n

In a directive issued Tuesday, seen by Eye Radio, the central bank cited the decision emanated from the Ministry of Finance and Planning.<\/p>\n

It stated that the Finance and Planning Ministry noted that while some government Institutions have opened the accounts with authorization from the ministry, others without.<\/p>\n

The move is targeting national and state ministries as well as commissions.<\/p>\n

\u201c…the BoSS is hereby directing all commercial banks to close all Bank Accounts of all Central Government Institutions (Ministries& Commissions and State Governments)\u201d, the statement partly read.<\/p>\n

BoSS added that account balances should be transferred to a suspense account pending its next step.<\/p>\n

While the directive exempted bank accounts of donor-funded projects, the Bank of South Sudan, required that commercial banks submit their details to the institution by Friday.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. The Bank of South Sudan has written to commercial banks to close all government bank accounts. In a directive issued Tuesday, seen by Eye Radio, the central bank cited the decision emanated from the Ministry of Finance and Planning. 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