Freetown, 25th August 2025 – Sierra Leone’s external financial position weakened in early 2025, as new data from the Central Bank reveals a 5.3% drop in remittances, a 2.45% decline in foreign reserves and a dramatic collapse in foreign exchange inflows, all pointing to mounting pressure on the country’s ability to meet international obligations.
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FY2024: Cash Deficit Triples
Read MoreFreetown 25th August 2025- Sierra Leone’s public debt surged to NLE 61.1 billion by the end of December 2024, representing 37% of the country’s GDP, according to fiscal data from the country’s Ministry of Finance.
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Freetown 25th August 2025- Sierra Leone’s fiscal position took a sharp downturn in FY2024, with the government recording a staggering cash deficit of NLE 4.2 billion, culminating in a negative cash balance of NLE 5.9 billion by year-end. This marks a troubling shift in the country’s financial trajectory, raising urgent questions about budget discipline, debt sustainability, and the future of public service delivery.
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Freetown, 25th August 2025- A landmark achievement for Sierra Leone basketball is at risk, following the historic qualification of the national under-16 basketball team. The team secured its first-ever spot in the International Basketball Federation (FIBA) U-16 Afrobasket tournament, scheduled to take place in Kigali, Rwanda from September 2nd to 14th.
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