Yakani welcomes changes in finance ministry, central bank, urges to address causes of economic downtrend

JUBA – South Sudan’s prominent activist Edmund Yakani has welcomed the recent chances in the country’s financial institutions and urged the economic cluster head by Vice-President James Wani Igga to convene a national economic dialogue to discuss and address the causes of the economic problems.

This comes after President Salva Kiir Mayardit issued a republican order dismissing the minister of finance, Agak Achuil, and the governor of central bank, Moses Makur Deng, following a month of rapid decline in the strength of the local currency.

Yakani during the announcement of the government roadmap for the extension of the transitional period urged the government to address the decline in the strength of the Pound against the United States Dollar, stressing that Kiir “should act now on the issue of the worsening economic situation in the country.”

In an email to Sudans Post following the removal of the finance minister and the governor of central bank, Yakani who is the Executive Director of Community Empowerment for Progress Organization (CEPO), welcomed the changes and urged the presidency to convene a meeting of the government’s economic cluster to find an amicable solution to the issue of currency depreciation.

“CEPO welcomes the changes made in the leadership of the finance and economic sector by the president,” Yakani said in the statement emailed to Sudans Post on Sunday.

But Yakani said that “solution to the worsening economic situation is beyond changing minister of finance and governor of central bank.”

“It is essential for the economic cluster of the government to hold national economic dialogue where they will investigate the root causes for worsening the economic situation,” he further stressed.