Category: Economy

Economy

New BoSS governor pledges transparency, calls for teamwork

The newly appointed Bank of South Sudan governor has called for teamwork as he outlined his priorities including enhancing transparency in the financial institution.

Dr. James Alic Garang was appointed governor of the Bank of South Sudan, and Samuel Yanga Mikaya and Nyiel Gordon Kuol as his 1st and 2nd Deputies in a republican decree read on the state-run SSBC on Monday.

Speaking during his reception in Juba on Thursday, 4 October 2023, Alic pledges to advance the bank’s mandate, modernize the banking system, and ensure effective communication.

He added that he will collaborate with his deputies and the staff of the Bank to advance the mandate of the bank.

“As management, we will always collaborate in the interest of advancing the mandate of this institution. The second point that I would like to put across is that as we look forward, I pledge along with my team,

“We are going to emphasize an element of running a modern central bank. A modern central Bank is underlined by a number of key pillars, the increased transparency to what we do as a bank should be one of our four marks.”

The Bank of South Sudan’s objectives are to foster the liquidity, solvency, and effective functioning of a stabilized market-based financial system.

Other roles include promoting a safe, sound, and efficient national payment system that aims to maintain the stability of the financial system.

 

 

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