{"id":43207,"date":"2023-09-06T14:15:39","date_gmt":"2023-09-06T14:15:39","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million"},"modified":"2023-09-06T14:29:35","modified_gmt":"2023-09-06T14:29:35","slug":"central-bank-laments-economic-woes-despite-injecting-697-95-million","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million","title":{"rendered":"Central Bank laments economic woes despite injecting $697.95 million"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The Bank of South Sudan has injected $697.95 million into the market since 2020 but gained less in return due to prevailing economic challenges, said the governor, Johnny Ohisa.<\/p>\n

\u201cThe Bank of South Sudan has injected $697.95 million into the markets since October 2020, while it has gained about SSP 400.33 billion from the market since December 2020,\u201d Ohisa said.<\/p>\n

He said unstable macroeconomic environment poses a significant threat to the bank in its quest to fulfil its mandate.<\/p>\n

He said this is attributable to the global financial conditions that keep changing over time.<\/p>\n

\u201cTo cope with the ever-changing financial environment, the BoSS had to adopt appropriate policy measures. These reforms are also in line with reform strategies undertaken by the government of South Sudan,\u201d he said.<\/p>\n

Governor Ohisa noted monetary policy reform strategies, monetary policy instruments, and exchange rate reforms are some of the reforms being undertaken by the Central Bank.<\/p>\n

Speaking at the same event, the minister of higher education, Gabriel Changson, urged the leaders to look outside the box and be practical to achieve price stability and exchange rates.<\/p>\n

\u201cLet us also know that the Bank of South Sudan is still as young as the Republic of South Sudan and has a lot of things that need to be done and to be done successfully,\u201d he said.<\/p>\n

\u201cWe have about 31 commercial banks with 90 branches, which is a huge source of resources. We want the central bank to utilize the resources of the commercial banks, which is part of its mandate. The resources will help in stabilising the prices,\u201d Changson said.<\/p>\n

However, the Vice President for Infrastructure Development, Taban Deng Gai, said technology is needed for the improvement of the Bank of South Sudan.<\/p>\n

\u201cI was told that the bank has computers, but they are not using them. The bank needs to train staff that will handle the technology because we can\u2019t get people from the cattle camp to work and operate the machines,\u201d Taban said.<\/p>\n

He cited the changes in government institutions such as the Ministry of Finance and the Bank of South Sudan as the reason why there is little progress when it comes to economic reforms.<\/p>\n

\u201cThe minister of finance needs to be given time to stay in power to implement the strategy and deliver services to the people, but if we keep on changing the ministers, we will never achieve our goals,\u201d Taban said.<\/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 injected $697.95 million into the market since 2020 but gained less in return due to prevailing economic challenges, said the governor, Johnny Ohisa. \u201cThe Bank of South Sudan has injected $697.95 million into the markets since October 2020, while it has gained about SSP 400.33 billion […]<\/p>\n","protected":false},"author":84,"featured_media":43205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,2353,2017,4337,233],"class_list":["post-43207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-central-bank","tag-economic","tag-johnny-ohisa","tag-south-sudan"],"yoast_head":"\nCentral Bank laments economic woes despite injecting $697.95 million - South Sudan<\/title>\n<meta name=\"description\" content=\"The Bank of South Sudan has injected $697.95 million into the market since 2020 but gained less in return due to prevail ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank laments economic woes despite injecting $697.95 million\" \/>\n<meta property=\"og:description\" content=\"The Bank of South Sudan has injected $697.95 million into the market since 2020 but gained less in return due to prevail ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-06T14:15:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-06T14:29:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1693997930.911786.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1072\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Central Bank laments economic woes despite injecting $697.95 million\",\"datePublished\":\"2023-09-06T14:15:39+00:00\",\"dateModified\":\"2023-09-06T14:29:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million\"},\"wordCount\":415,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1693997930.911786.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"Central Bank\",\"economic\",\"Johnny Ohisa.\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-laments-economic-woes-despite-injecting-697-95-million\",\"name\":\"Central Bank laments economic woes despite injecting $697.95 million - 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