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All Posts in Category: News

Finance Minister Seals US$230M Scaling Up Project Financing Arrangements with the World Bank

By Web Team on April 12, 2019 in News

It would be recalled that in early March this year President Julius Maada Bio paid a strategic visit to the World Bank top management team during which he articulated his Government’s agenda and engaged the Bank’s Management in a dialogue where he showcased tremendous achievements the Government has made in…

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Minister of Finance signed US$Forty Million Budget support Grants with World Bank

By Web Team on March 25, 2019 in News

The Minister of Finance Jacob Jusu Saffa on Thursday 21st March 2019 signed US$ 40 Million budget support grant from International Development Association (IDA) with World Bank on behalf of the Government of Sierra Leone. In his opening statement in a short ceremony at the Ministry of Finance, The Financial…

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Government of Sierra Leone signs 5.7 Million Dollar Integrated Tax Administration System Implementation contract

By Web Team on February 13, 2019 in News

As part of government commitment to increase domestic revenue to 20% of GDP ratio by 2023, the Ministry of Finance has signed a 5.7 million dollar contract agreement with Techno Brain Global, Crown Agent and Tiwai memory Master to supply, configure and implement an Integrated Tax Administration Systems (ITAS) that…

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Matthew Dingie due Diligence Mission to Georgia on the introduction of Electronic Cash Registers

By Web Team on February 13, 2019 in News

A high-level technical team from the Government of Sierra Leone, headed by the Principal Deputy Financial Secretary in the Ministry of Finance, Mr Matthew Dingie, is now in Tbilisi, Georgia on a due diligence visit to support the procurement and installation of electronic cash registers by the National Revenue Authority.…

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As Deputy Finance Minister Inspects Hillside Bye Pass & Lumley to Tokeh Roads, Work to Recommence Soon.

By Web Team on February 13, 2019 in News

In a bid to enhance value for money in the New Direction administration, the Deputy Minister of Finance, Dr. Patricia Nyanga Laverley has commenced the inspection of various infrastructure projects across the country starting with the Hillside Bye Pass and Lumley to Tokeh roads projects. Speaking to the Consultant about…

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At UNGA, Deputy Minister of Finance Signs $15M MOU to Implement integrated Credit Bureau

By Web Team on February 13, 2019 in News

The Deputy Minister of Finance Dr Patricia Laverley during the 2018 United Nations General Assembly in New York signed a Memorandum of Understanding unbehalf of the government of Sierra Leone with Kiva Micro Funds, United Nations Development Programme (UNDP) and the United Nations Capital Development Fund (UNCDF) to facilitate the…

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As IMF Set to Approve 171 Million Dollar Programme, MoF and BSL Sign MOU on Treatment of Funds for Budgetary Support

By Web Team on February 13, 2019 in News

This MOU is another milestone towards reviving the relationship and economic programme between Sierra Leone and the International Monetary Fund (IMF) as the executive board of the IMF is expected to meet on the 30th of November this year to approve a new economic programme for Sierra Leone after the…

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Government of Sierra Leone Made a Savings of 48M USD over Renegotiation of 50MW Solar Energy Project

By Web Team on February 13, 2019 in News

The SLPP government of Sierra Leone upon assuming power in April this Year inherited a 50MW solar Energy Project with an Independent Power Provider (IPP) called planet Solar to install 50MW solar power in different parts of the country. But since April the new government and Planet Solar couldn’t move…

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Minister of Finance J.J. Saffa Seals 50MW Solar Power Agreement With World Bank Group

By Web Team on October 24, 2018 in News

Sierra Leone’s Minister of Finance, Hon Jacob Jusu Saffa today 11th October 2018 signed with the World Bank International Finance Corporation an Advisory Agreement paving way for work to commence the installation of 50MW Solar plant in Sierra Leone. It all started at the African Development Bank Annual meetings in…

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Finance Minister negotiates reactivation of $45M Projects on Water, Agriculture

By Web Team on October 24, 2018 in News

Jacob Jusu Saffa and his Indian counterpart   Minister of Finance, Jacob Jusu Saffa, has met with senior officials of Indian Government, Indian EXIM Bank and many other CEOs of Indian companies on October 8-9 in the prestigious Sheraton Hotel in Abuja. The meeting dubbed CII-EXIM Bank Regional Conclave on India and…

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    The Ministry of Finance is a Key arm of the Government of Sierra Leone mandated to formulate and implement sound economic policies and public financial management, ensure efficient allocation of public resources to promote stable economic growth and development in the context of a stable macroeconomic environment.     Read More

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