MINSTRY OF FINANCE (MOF)
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, and ensure efficient allocation of public resources to promote stable economic growth and development in the context of a stable macroeconomic environment.
The Ministry exercises its mandate in accordance with the principles of responsible financial management to ensure prudent, efficient, effective, and transparent use of public funds. It is guided by the following principles of responsible financial management:
- Formulate and implement fiscal policies to achieve macroeconomic stability;
- Achieve and maintain prudent levels of outstanding debt of the general government so as not to impose inequitable burden on future generations and manage prudently the fiscal risks faced by Sierra Leone;
- Achieve and maintain an appropriate balance between revenues and expenditures of the general government;
- Manage extractive industries’ revenues in accordance with our strategic actions to contribute to transformational development and the fiscal responsibility principles specified; and
- Provide timely, reliable and adequate information to the public on fiscal objectives, policies, data, and risks to ensure transparency in the budgetary and financial management of the general Government and public enterprises.
The structure of the Ministry of Finance is broadly categorised in two levels:
i. Policy and
ii. Technical management levels.
At the policy level, the Minister heads the Ministry of Finance, assisted by two Deputy Ministers and a Financial Secretary. At the technical management level, the Principal Deputy Financial Secretary leads the Ministry’s technical arm, assisted by the Senior Deputy Financial Secretary, the Accountant General, the Chief Economist, and one Deputy Financial Secretary Administration.
The Ministry is organised into functional departments:
- Economic Policy Management Department,
- Project Fiduciary Management and Coordination Department
- Fiscal operations Department
- Corporate Services Department and
- Public Accounts Services Departments
There are 23 divisions in the Ministry and five units under the Office of the Minister. Each division is headed by either a Director/Unit Head.
CONTACT DETAILS |
Minister:
Mr. Sheku Ahmed Fantamadi Bangura
Deputy Minister 1:
Mrs. Kadiatu Allie
Deputy Minister 2:
Mr. Bokarie Kalokoh
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Treasury Building
George Street
Email: info@mof.gov.sl
Website: www.mof.gov.sl
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