Appreciating the Contributions of Commercial Banks to the Local Economy in the Republic of South Sudan
The main objective of the study is to critically examine and analyze the contributions of commercial banks to local economic growth in the Republic of South Sudan. The study portrays how loans and credit affect the GDP and consequently the level of economic growth of the Country. The data for this study was collected through secondary sources. Secondary sources included a number of text books and annual reports. The data was analyzed through quantitative analysis using descriptive statistics. At the end of this study, it was revealed that commercial banks have a positive impact on the economic growth of South Sudan. It was also realized that domestic credits from commercial banks have a directly proportional relationship. The recommendations were posted on the fact that, government should encourage the saving culture of South Sudanese, increase the level of deregulation in the banking sector and also reduce the tax burden on commercial banks.
Keywords: contributions of commercial banks, economic growth, Republic of South Sudan