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Evidence of Sierra Leone’s steady recovery is coming in fast and thick. In August this year, inflation
moderated to 25.49 percent from 29.45 percent and has shown signs of continuity on a downward trend
as the Bank of Sierra Leone continues to tighten monetary policy.
What is more, Sierra Leone’s public debt-to-GDP decreased from 53 percent to 46.2 percent in 2023
aided by a stable exchange rate and higher nominal GDP growth.
Bank of Sierra Leone Governor Dr Ibrahim Stevens emphasized the central bank’s strategic plan to
transform and deliver on its mandate, reinforcing its vision for a better and stronger economy.
