Sierra Leone Ministry of Finance
Sierra Leone Ministry of Finance is a ministerial department of the Government of Sierra Leone, and is in charge of managing the revenue and finances 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 on economic issues. The headquarter of the Sierra Leone Ministry Of Finance is located on George Street in Freetown, Sierra Leone.
The Ministry of Finance is headed by the Minister of Finance, who is appointed by the president of Sierra Leone, and must be confirmed by the Parliament of Sierra Leone before taking office. The current Sierra Leone Minister of Finance is Jacob Jusu Saffa, who is an economist 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 revenue 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
- Releases data about the country's economy
- Enforcing Tax laws
- Manages the country's debts
- Pay debts and loans of the government
- Pay government bills
- Allocating finances of departments within the Sierra Leone government
- Manages and supervises all national banks owned by the Sierra Leone Government
- Set up rules and regulations of all private banks in Sierra Leone
- Ensure the correct, timely and accurate payment of monthly salaries to the President of Sierra Leone, the Vice President of Sierra Leone and members of the Sierra Leone Parliament
- Receives money deposited in the Sierra Leone Government treasury
- Edit finances of departments of the Sierra Leone
- Print out paper bills and mint coins of the currency of Sierra Leone
- Gives approved financial loan from national banks owned by the Sierra Leone Government
