August 02, 2016(Nyamilepedia) —– South Sudan’s new Minister of Finance, Hon. Stephen Dhieu Dau, pledges that he will fight corruption by deregistering an unknown number of “ghost workers” and unknown gunmen in the country.
Speaking after his swearing-in ito his new office to reform an economy that has been free falling, the former Minister of Petroleum, Dhieu, assures the media that he “will turn things around”.
“Well, our economy is at the brink as such we has a downting task of turning things around together as a team in order to give our people hopes again” Dhieu Dau said after a ceremony that welcomed him to office.
The new minister acknowledged that the army, legislative assembly and other sectors have not been paid their salaries and they are waiting for his ministry to deliver.
“This indicate that public expectation is high, is very highly on us to improve the management administration of the financial section and improve the current economic situation in the country” he continued.
“all arms forces, the executive, the legislative and the judiciary are looking upon us to turn things around” he said.
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To restore the failed economy, Dhieu believes that he will work with the international partners on capacity building and economic reforms.
“Work closely with international partners on capacity building and economic reforms program” Dhieu.
South Sudan’s economy was expected to be the fastest growing of the year 2014 before the conflict broke out but as a result of war, the economy has crushed. While the prices of basic commodities have skyrocketed by over 300%, the South Sudanese Pound(SSP) has depreciated from less than 4 SSP to nearly 100 SSP per dollar within the last 2 years.
To make the matter worst, the latest dogfight in the capital has forced many investors and foreign workers to flee the country.
This new trend has sucked up any hard currency that was in circulation in the market and also restricted goods entering the country through its borders.
With the collapse of the peace agreement, which will severely affect oil production in Upper Nile region, and a renewed fighting in Equatorian region, affecting goods entering the country from East Africa, fighting corruption is less unlikely to restore the economy.
As a result of war, many citizens have registered internally as IDPs under the United Nations Miission in South Sudan(UNMISS) and millions other have crossed the borders to seek refuge in refugee camps in neighboring countries.