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South Sudan: President Kiir sacks finance minister Bak Barnaba Chol

South Sudan President Salva Kiir on Friday evening sacked the Minister for Finance and Planning Bak Barnaba Chol, replacing him with Daniel Daniel Chuong, an engineer.

In a presidential decree issued in Juba, the capital of South Sudan, Kiir did not give any reason for the dismissal of the Finance minister.

The new Finance minister previously served as the former minister of Petroleum and was until his appointment the technical adviser in the petroleum ministry.

The changes came amid hyperinflation and the depreciation of the South Sudanese pound (SSP), the country’s local currency.

The SSP fell to a record low of 1,800 units against the US dollar, compared to 1,100 units to the greenback three months ago.

The country is currently struggling to increase daily oil production from the current 150,000 barrels a day to 175,000 barrels per day to secure hard currency to stabilise the economy.

 

Source: theeastafrican.co.ke

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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