Sunday, September 22, 2024

South Sudan scraps fuel subsidies

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Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

South Sudan has removed fuel subsidies in a move many government officials attributed to scarcity of hard currencies, The Sudan Tribune reports.

Media report suggests the move is a directive from the president’s office.

Report also suggests civil servants have gone for close to a year now without being paid because there is actually no money in the treasury.

The Deputy Finance minister Mou Ambrose Thiik told the Reuters news agency in September that ending the fuel subsidies would free up desperately needed cash.

The country has not paid its civil servants for months and its embassies are facing closure for unpaid rents.

 

Source: BBC

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