This article was last updated on May 26, 2022
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On Friday officials in the Ministry of Finance toured the markets in Juba to satisfy themselves with costs after allegations that traders have hiked prices of goods and services claiming access to dollars for imports is a challenge.
“What I found in Jebel market the prices have returned to the normal but when I came here to Konyokonyo the prices are different,” Simon Nyang, a senior official at the Finance headed the team told the press.
“So it needs attention from the national security and the police to normalize the prices in the market. Because there is no need to increase the prices and the dollar rate is returned to the normal price. So I want to urge the security to monitor this in the market,” said Nyang.
The officials were compelled to carry out the findings on the prices following an economic stalemate in the country when government took a decision to devalue the country’s currency.
Traders also complained of poor road network and high costs on importation of goods and services as one factor behind the hiking of the prices, urging government to rehabilitate the roads.
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