Category: Business & Finance

Sierra Leone Explores Ghana’s GoldBod Model to Reform Mining Sector

ACCRA, Ghana Sierra Leone’s Finance Minister, Sheku Fantamadi Bangura, has opened a new chapter in regional mining collaboration with a strategic visit to Ghana’s GoldBod headquarters. The meeting, held on Thursday, September 18, 2025, with GoldBod CEO Sammy Gyamfi, focused on how Sierra Leone could adapt Ghana’s gold management framework to curb smuggling, boost transparency, and increase government revenues.

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Audit Links NLe 672,880 FCC Grant Misuse to Rising Crime and Drug Abuse

Freetown, September 15, 2025 -A damning performance audit of the Freetown City Council (FCC) has revealed that over NLe 672,880.50 allocated for youth empowerment between 2021 and 2023 was largely misused, with no evidence of vocational training delivered, despite clear mandates to equip young people with skills in carpentry, tailoring, welding, driving, soap making, and sports.

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Sierra Leone’s Informal Trade Surges Past NLe24 Million in March: Exports Dominate Cross-Border Flows

Freetown, September 15, 2025  – Sierra Leone’s informal economy continues to flow beneath the surface of official trade statistics, with new data from Statistics Sierra Leone (Stats SL) revealing that unrecorded cross-border trade hit NLe24,089,399 in March 2024 alone. The findings, drawn from the 2024 Informal Cross Border Trade (ICBT) survey, underscore the scale and strategic importance of informal commerce between Sierra Leone and its neighboring countries.

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