BoSS, Commercial Banks Discuss Cooperation
By: Mareng Wek and Joseph Ngor
Juba, February 24, 2026-The Management of the Bank of South Sudan (BoSS), on Tuesday met with Managing Directors of commercial banks to discuss mechanisms for strengthening monetary policy and exploring strategies to address the ongoing liquidity shortage in the country’s financial sector.
In his Keynote address, Governor, Bank of South Sudan, Hon. Johnny Ohisa Damian, acknowledged the challenges facing the banking sector and emphasized the importance of coordinated efforts between the central bank and commercial banks to stabilize the financial system. Governor Ohisa said the Bank has a clear policy measure in place to address the identified concerns and reiterated his administration commitment to ensuring financial stability.
During the discussions, Managing Directors of commercial banks proposed alternative solutions to reinforce monetary policy, ease liquidity constraints, and restore public trust in the banking sector to support sustainable economic growth in South Sudan.
They also underscored the urgent need to diversify the economy by promoting mining and domestic agricultural production as a long-term strategy to reduce heavy reliance on imports, which continues to exert pressure on foreign exchange reserves and domestic liquidity.
In attendance were BoSS’ First Deputy Governor for Policy and Banking, Hon. Tong Akec Deng, Director General for Supervision and Regulation, Dr. Majok Kuol Mading, Director General for Research, Policy and Statistics, Abugo Charles Joseph and representatives Bankers Association.