BoSS Moves to Improve Banking Confidence

(JUBA) – The Board of Directors of the Bank of South Sudan has held a meeting in Juba to review key monetary and banking policies for 2026, as the central bank seeks to strengthen financial stability and address liquidity challenges in the country.

The meeting took place on Tuesday and was chaired by the Governor of the Bank of South Sudan, Johnny Ohisa Damian, who also serves as Chairperson of the Board.

The board is the highest oversight body of the central bank and is made up of three executive and six non executive members.

Its mandate is to provide strategic direction, approve major policies, promote sound governance, and supervise the management of the bank in line with national laws.

Officials said the discussions focused on guiding economic activity from 1 January 2026 to 31 December 2026, with emphasis on improving liquidity in the banking system and supporting private sector growth.

In a related development, the Bank of South Sudan, through its Department of Internal Audit, has concluded the 10th East African Community Central Banks Internal Audit Conference in Juba.

The conference brought together senior audit officials from Somalia, the Democratic Republic of Congo, Burundi, Uganda, Tanzania, Rwanda, and Kenya.

Participants discussed ways to strengthen internal controls, improve transparency, and promote accountability within central banks in the region.

Meanwhile, Governor Johnny Ohisa Damian thanked President Salva Kiir Mayardit for renewing his mandate to lead the institution for a third term.

In a statement, the governor said the central bank remains committed to restoring public confidence and ensuring effective implementation of monetary policies.

He said the bank will continue to work with government institutions and financial partners to stabilise the economy and improve access to financial services.

The Bank of South Sudan said its 2026 policy framework is aimed at supporting sustainable growth, controlling inflation, and maintaining a stable financial system.