Author: Truth Media

Payroll and Projects Take 54% of Q2 Spending

Freetown, 1st September 2025-  The government’s actual expenditure for the second quarter of 2025 reveals a continued emphasis on public sector wages and capital investment, with notable allocations toward social security and infrastructure. The data, presented in a pie chart titled “Actual Expenditure Quarter 2 2025”, offers insight into fiscal priorities and the balancing act between recurrent costs and long-term development.

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52% of Youth Rely on Mobile Money, not Banks for Financial Transactions

Freetown, 1st September 2025- In Sierra Leone’s fast-growing informal economy, young people are building businesses and managing money, but largely without banks. According to the 2025 Status of Youth Report, 52% of youth rely on mobile money for their financial transactions, while only 8% have a formal bank account. Another 21% use informal savings systems like ‘Osusu’, revealing a financial ecosystem driven by necessity, not inclusion.

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