New ECOBANK Managing Director calls on Minister of Finance

The new incoming Managing Director of the ECOBANK in Sierra Leone, Sebastian Ashong-katai, along with the Chairperson of the Board, the Regional Executive for Anglophone West Africa, the Country Head of Corporate Banking and the out-going Managing Director, Aina Moore, on Friday 8th September 2023 paid a courtesy visit to the Minister of Finance, Sheku Ahmed Fantamadi Bangura at his George Street office in Freetown.

The reason for this visit is for the outgoing MD, Aina Moore, to bid farewell to the Minister and introduce the new MD taking over the operations of ECOBANK in Sierra Leone.

In the meeting, both parties agreed that there are opportunities for collaboration between the bank and the Government to improve the country’s economic situation and boost private sector development.
In his statement, Minister Bangura thanked the outgoing MD for her service in Sierra Leone and Welcome the MD.

He updated his visitors on the reforms the government is implementing and called for deepened engagement with the banking sector to leverage opportunities of collaboration that will provide the needed resources for the Government and also strengthen the operations of Commercial banks like ECOBANK.

The Regional Executive for Anglophone West Africa, Daniel Sackey, acknowledge the impact of the Russia/Ukraine war in the sub-region, highlighting the issues of fuel, energy and food prices increase.

He noted that the interventions of government must be calculated and inclusive.

Aina Moore flagged the issues of Forex’s availability and Leone’s depreciation. She assured the government of the bank’s support, experience and expertise in implementing the Big Five Agenda, especially in agriculture Feed Salone.

Other issues like compliance, digitalisation, interest rates, and foreign currency lending data sharing form part of the discussions.

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