Sierra Leone Ministry of Finance is a ministerial department of the

Government of Sierra Leone The government of Sierra Leone is the governing authority of the Republic of Sierra Leone, as established by the Sierra Leone Constitution. The Sierra Leone government is divided into three branches: the Executive branch, executive, legislative an ...

, and is in charge of managing the

revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...

and

finances Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of finan ...

of the Sierra Leone government. The ministry implements the Sierra Leone government economic policies and public financial management. The ministry advises the

President of Sierra Leone The president of the Republic of Sierra Leone is the head of state and the head of government of Sierra Leone, as well as the commander-in-chief of the Armed Forces. As the head of the executive branch of the Sierra Leone government, the presi ...

economic issues A social issue is a problem that affects many people within a society. It is a group of common problems in present-day society and ones that many people strive to solve. It is often the consequence of factors extending beyond an individual's cont ...

. The headquarter of the Sierra Leone Ministry Of Finance is located on George Street in

Freetown Freetown is the capital and largest city of Sierra Leone. It is a major port city on the Atlantic Ocean and is located in the Western Area of the country. Freetown is Sierra Leone's major urban, economic, financial, cultural, educational and p ...

Sierra Leone Sierra Leone,)]. officially the Republic of Sierra Leone, is a country on the southwest coast of West Africa. It is bordered by Liberia to the southeast and Guinea surrounds the northern half of the nation. Covering a total area of , Sierra ...

. The Ministry of Finance is headed by the

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

, who is appointed by the president of Sierra Leone, and must be confirmed by the

Parliament of Sierra Leone Parliament of Sierra Leone is the legislative branch of the government of Sierra Leone. It is principally responsible for making laws. The Sierra Leone parliament consists of 146 members, of which 132 members are directly elected from across Si ...

before taking office. The current Sierra Leone Minister of Finance is

Jacob Jusu Saffa Jacob Jusu Saffa is a Sierra Leonean politician serving as Chief Minister of Sierra Leone since 30 April 2021. Saffa holds a Bachelor of Science (honours) degree in economics from Fourah Bay College, University of Sierra Leone and a Master of ...

, who is an

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

by profession. The President of Sierra Leone has the constitutional authority to sack the Minister of Finance at any time.

Responsibilities

*The responsibilities of the Sierra Leone Ministry of Finance include: *Manages the country's

and finances *Implement the Sierra Leone Government economic policies and public finances *Ensure efficient allocation of public resources to promote stable economic growth *Advises the President and the Government of Sierra Leone on economic issues *Collecting the Sierra Leone Government

taxes A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or ...

*Releases data about the country's economy *Enforcing Tax laws *Manages the country's debts *Pay

debts Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The de ...

and

loans In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that de ...

of the government *Pay government bills *Allocating finances of departments within the Sierra Leone government *Manages and supervises all

national banks In banking, the term national bank carries several meanings: * a bank owned by the state * an ordinary private bank which operates nationally (as opposed to regionally or locally or even internationally) * in the United States, an ordinary p ...

owned by the Sierra Leone Government *Set up rules and regulations of all

private bank Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...

s in Sierra Leone *Ensure the correct, timely and accurate payment of monthly

salaries A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. F ...

to the

, the

Vice President of Sierra Leone The Vice-President of Sierra Leone is the second most senior government official in the executive branch of the Republic of Sierra Leone government after the president. The Vice-President's only constitutional power is to be the immediate success ...

and members of the

Sierra Leone Parliament Parliament of Sierra Leone is the legislative branch of the government of Sierra Leone. It is principally responsible for making laws. The Sierra Leone parliament consists of 146 members, of which 132 members are directly elected from across Si ...

*Receives money deposited in the Sierra Leone Government treasury *Edit finances of departments of the Sierra Leone *Print out paper bills and mint

coins A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to ...

of the

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

of Sierra Leone *Gives approved financial loan from national banks owned by the Sierra Leone Government

Ministers of Finance

Mohammad Sanusi Mustapha Muhammad ( ar, مُحَمَّد; 570 – 8 June 632 CE) was an Arab religious, social, and political leader and the founder of Islam. According to Islamic doctrine, he was a prophet divinely inspired to preach and confirm the monoth ...

, 1961-? *

Albert Michael Margai Sir Albert Michael Margai (10 October 1910 – 18 December 1980) was the second prime minister of Sierra Leone and the half-brother of Milton Margai, Sir Milton Margai, the country's first Heads of Government of Sierra Leone, Prime Minister. He ...

, 1962-1964 *

Robert Granville Ojumiri King The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of '' Hruod'' ( non, Hróðr) "fame, glory, honou ...

, 1964-1967 *

Andrew Juxon-Smith Brigadier Andrew Terence Juxon-Smith (30 November 1931 – 1996) was a Creole politician and military officer in Sierra Leone. He was briefly (27 March 1967 to 18 April 1968) Chairman of the National Reformation Council and acting Governor-Genera ...

, 1967 * Shecku B. Daramy, 1967-1968 *

Mohamed Sorie Forna Muhammad was an Islamic prophet and a religious and political leader who preached and established Islam. Muhammad and variations may also refer to: *Muhammad (name), a given name and surname, and list of people with the name and its variations ...

, 1968-1970 *

Christian Alusine Kamara-Taylor Christian Alusine Kamara-Taylor (June 3, 1917 – August 15, 1985) Popular known as C.A. was a Sierra Leonean politician and one of the founding members of the All People's Congress (APC), along with Siaka Stevens and Sorie Ibrahim Koroma. He se ...

, 1971-1975 *

Sorie Ibrahim Koroma Sorie Ibrahim Koroma (April 14, 1927 – April 30, 1994) commonly known as S.I. Koroma was a Sierra Leonean politician, labor activist, and one of the founding members of the All People's Congress political party. He served as first Vice Preside ...

, 1975-1977 *

Abu Bakar Kamara Abu Bakar Kamara (born July 29, 1929) is a Sierra Leonean former politician. He was Minister of Finance of Sierra Leone from 1977 to 1978 under President Siaka Stevens. He served as First Vice President of Sierra Leone from 1987 to 1991 under Pres ...

, 1977-1978 *

Francis Minah Francis Misheck Minah (19 August 1929 – 1989) was a Sierra Leonean statesman, lawyer and politician who served as First Vice President of Sierra Leone from 1985 to 1987 under President Siaka Stevens. An ethnic Mende from the Pujehun Distr ...

, 1978-1981 *

Sama Banya Sama or SAMA may refer to: Places * Sama, Burkina Faso, a town in the Kouka Department, Banwa Province, Burkina Faso * Sama, China (Sanya), a city in Hainan, China * Sama, Chalus, a village in Mazandaran Province, Iran * Sama, Nowshahr, a vill ...

, Jan 1981 - Dec 1981 *

Siaka Stevens Siaka Probyn Stevens (24 August 1905 – 29 May 1988) was the leader of Sierra Leone from 1967 to 1985, serving as Prime Minister of Sierra Leone, Prime Minister from 1967 to 1971 and as President from 1971 to 1985. Stevens' leadership was ofte ...

, Dec 1981-1982 *

Salia Jusu-Sheriff Salia Jusu-Sheriff (1 June 1929 – 19 December 2009) was a Sierra Leonean politician. He was the Vice President of Sierra Leone from 1987 to 1991. He used to be the leader of the SLPP party. He was born in 1929 in Freetown. He is an economist an ...

, May 1982- Sept 1984 *

Abdulai Conteh Abdulai Osman Conteh (born 5 August 1945) is a lawyer and politician from Sierra Leone. He is a former vice president of Sierra Leone, who served under President Joseph Saidu Momoh before he was ousted by the military junta in 1992. Conteh later ...

, 1984-1985 *

Joe Amara Bangali Joe or JOE may refer to: Arts Film and television * ''Joe'' (1970 film), starring Peter Boyle * ''Joe'' (2013 film), starring Nicolas Cage * ''Joe'' (TV series), a British TV series airing from 1966 to 1971 * ''Joe'', a 2002 Canadian animated ...

, 1985 * Sheka Kanu, 1985-1987 *

Hassan Gbassay Kanu Hassan, Hasan, Hassane, Haasana, Hassaan, Asan, Hassun, Hasun, Hassen, Hasson or Hasani may refer to: People * Hassan (given name), Arabic given name and a list of people with that given name *Hassan (surname), Arabic, Jewish, Irish, and Scotti ...

, 1987-1989 * Tommy Taylor-Morgan, 1989-1991 * James S. A. Funna, 1991-1992 * Jim Fornah, 1992-1993 * John Karimu, 1993-1996 *

Samura Kamara Dr Samura Mathew Wilson Kamara is a Sierra Leonean politician and economist. He was the All Peoples Congress (APC) Party's candidate for President of Sierra Leone in the 2018 election. He was the Minister of Foreign Affairs and International ...

, January 1996 - March 1996 *

Thaimu Bangura Thaimu Bangura (died 1999) was a politician from Sierra Leone Sierra Leone,)]. officially the Republic of Sierra Leone, is a country on the southwest coast of West Africa. It is bordered by Liberia to the southeast and Guinea surrounds the ...

, March 1996 - May 1997 *

, May 1997 - 1998 *

James O. C. Jonah James is a common English language surname and given name: *James (name), the typically masculine first name James * James (surname), various people with the last name James James or James City may also refer to: People * King James (disambiguat ...

, April 1998 - February 2001 * Peter Jiwa Kuyembeh, February 2001 - May 2002 * Joseph B. Dauda, May 2002 - September 2002 * John Oponjo Benjamin, September 2002 - September 2007https://www.odi.org/sites/odi.org.uk/files/resource-documents/10630.pdf * David Carew, September 2007 - February 2009 *

, February 2009 - January 2013 *

Kaifala Marah Kaifala Marah (born in Koidu Town, Sierra Leone) is a Sierra Leonean politician, accountant, Governor of the Bank of Sierra Leone (2016-2017), and Minister of Finance (2013-2016). On March 7, 2017, Dr. Marah resigned as governor in order to ...

, January 2013 - March 2016 *

Momodu Kargbo Momodu Kargbo is a Sierra Leonean politician and economist. He served as the Minister of Finance of Sierra Leone from 13 March 2016 to April 2018. Previously, he served as the governor of the Bank of Sierra Leone since 17 July 2014 until 2016. K ...

, March 2016 - April 2018 *

, April 2018-

References

{{Reflist

External links

Sierra Leone - Ministry of Finance and Economic Development, MOFED
Government of Sierra Leone

Finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

1961 establishments in Sierra Leone

Responsibilities

Ministers of Finance

See also

References

External links