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News (46)

Mofed Admin

May 2018 23

Sierra Leone’s Minister of Finance, Jacob Jusu Saffa will lead a-five man delegation to this year’s Annual Meetings of the African Development Bank (ADB) that will take place in Busan, Republic of Korea from 21-25 May 2018 on the theme, “Accelerating Africa’s Industrialization”.

The AfDB meetings will also hold at its margins, the 6th Korea-Africa Economic Cooperation (KOAFEC) Conference. The Bank Group meetings would be preceded by high-level seminars and workshops, including other side events relating to the theme of the Meetings.

Mr. Saffa noted that Sierra Leone’s participation at the meetings is a demonstration of Government’s support to the Bank and an appreciation of the Bank’s contribution to the socio-economic development of the country, pointing out that It further goes to strengthen the continued cooperation between the Bank and the Government of Sierra Leone as well as to unlock potential support to the country’s development.

It should be noted that the African Development Bank has been “an important partner” in the development of Sierra Leone. The Bank’s Portfolio for Sierra Leone as of March 2018 includes 19 operations for a total commitment of UA 161.91 million (USD 243 million) and this comprises 4 institutional supports, 12 investments (94.10%) and 2 emergency operations. In this regard, cumulative disbursement reached UA 59.45 million (USD 89.2 million), a disbursement ration of 35.02%. It should however be noted that in recent years, Sierra Leone’s overall portfolio performance “has not been quite stable”, according to the Director of Economic Policy and Research Unit (EPRU), Alimamy Bangura.

According to Minister Saffa, Sierra Leone’s participation to the meeting “cannot be overemphasized,” while he stated that the benefits of attending the meeting are multifaceted.

Firstly, Minister Saffa assured that it will give the Government of Sierra Leone the opportunity to discuss the factors responsible for the weak portfolio performance, with the view to resolving them with the staff and management of the Bank.

Secondly, the Finance Minister maintained that the visit will create an opportunity for his team to review the country’s existing portfolio so as to realign it with the priorities of Government as was done with the World Bank and to as well firm up commitment made by the Bank on pipeline projects.

Minister Saffa expressed hope of meeting with the President of the African Development Bank or its senior management “to request an enhancement of the planned budget support to Sierra Leone” that was not disbursed under the former administration. He indicated that his delegation will hold discussions with and seek support from the African Legal Support Facility for the review of mining and other agreements.

“More importantly, the meetings will also create an opportunity to hold bilateral discussions with other development partners who will be attending the meetings with the view to soliciting financial and technical assistance for the implementation of our development programmes and to firm up commitment already made by such donors,” Mr. J. J. Saffa asserted.

The delegation will comprise, the Minister of Finance in the capacity of Governor of the ADB, the Financial Secretary, an Alternate Governor of the Bank, the Director of the EPRU in the Ministry of Finance, the Deputy Financial Secretary in charge of multilateral projects also in the Ministry of Finance and the Governor of the Bank of Sierra Leone, an Alternate Director to the ADB.

By Sayoh Kamara, PRO-MoFED

Mofed Admin

Mar 2018 02

 The Public Financial Management Improvement and Consolidation Project (PFMICP) in collaboration with Budget Bureau in the Ministry of Finance and Economic Development (MoFED), have ended two days Reconfiguration training of Budget Bureau staff on the planning and execution modules of the IFMIS PB software including migration of data into the FA module and use of Budget Book Builder. The training started on Saturday 17th February and ended on Sunday 18th February 2018 at the Family Kingdom Resort Aberdeen.

The Program was sponsored by The Public Financial Management Improvement and Consolidation Project through funds donated by donor partners such as World Bank and AFDB.

It should be noted that the Budget Bureau in the Ministry of Finance and Economic Development is working on modernizing its operations related to budget planning and monitoring. The implementation of the Free Balance Performance Budgeting Module will help improve the functional efficiency of the budgeting system.

The objectives of the training were as follows:

•    Provide Fundamental knowledge of day to day PB operations to budget planning staff allowing them to complete budget planning task.
•    Train Budget Administrative to maintain Performance Budgeting module on a daily basis.
•    Train Budget Administrator and IT staff to change the system configurations prepare Budget Bureau and IT staff to rollout the system to other Ministries in the coming year.

Mofed Admin

Feb 2018 20

The Public Financial Management Improvement and Consolidation Project in collaboration with the Right to Access Information Commission( RAIC), have ended a three days stakeholder consultation on the Right to Access Information Act, 2013. The program  which started on the 7th February and ended on Friday 9th February 2013, at Santanno House in Freetown, targeted Non- Governmental organizations, Civil Society Organizations, Ministries, Departments and Agencies and media Institutions.

The program was sponsored by the Public Financial Management Improvement and Consolidation Project through funds donated by Donor Partners such as World Bank and Africa Development Bank.

It should be noted that the Right to Access Act enacted by the Sierra Leone parliament in October 2013 provides for the disclosure of information held by Public Authorities or by persons providing services for them and provides for other related matters.

Every person has the right to access information held by or is under the control of a public authority.

The RAIC draws its legal status from the RAI Act, 2013 which states that:

·       In the performance of its functions under the RAI Act, the Commission has all the powers of the High Court.

·       The  Commission and its authorized Agents, Shall in the performance of its  functions under this Act, be independent and not subject to the directions or control of any person or authority.

In his remarks the Project Implementation Specialist of the Public Financial Management  and Improvement and Consolidation Project(PFMICP), Amos Lansana said, PFMICP have been working with different implementing Units with the objective of enhancing efficiency and accountability of Public Financial Management System. He went on to say the PFMICP is looking at ITAS under the National Revenue Authority(NRA) with the aim of improving the revenue and tax system.

Amos Lansana, added that the PFMICP will also be looking at the establishment of a Treasury Single Account( TSA) while making it clear that PFMICP have been supporting other components within and outside the Ministry of Finance.

He spoke about the newly established Open Data, Big Data and Non - State Actors Component which will improve Citizens engagement as well as provide data, stating that is one of the reason why the PFMICP decided to work with RAIC, which have the mandate to ensure that the populace have access to information, which he reiterated is the people's right and they should be able to access it.

He pointed out that the PFMICP supported the RAIC in the popularization of the Act, stating that the PFMICP is also working with the Ministry of Information and Communication(MIC), as MIC will provide and mann the infrastructure of the Web potter.

Amos Lansana, maintained that MIC will ensure that there are Open Data centers regionally wherein people will not have to pay to access information.

In his speech Chairman of the Right to Access Commission, Unisa Sesay, said the sensitization of the RAIC Act was held in order to engage NGOS, CSOs, MDAS and media to have frank discussions on the Act for better understanding and communication.

Mr Unisa Sesay, went on to say that their motive is for the whole of Sierra Leone to understand what the Act entails and know how to use it.  He said one of the objectives of the sensitization is for Sierra Leoneans to be aware of the powers accord to them in the Act, as  it clearly state that public information should be given to people requesting for it.

He went on to explain the key issues discussed during the Stakeholders Consultation which include the following:

Ø The Rights and responsibilities of every Sierra Leonean in the act to ask and demand questions on issues

Ø The responsibility of using the system as this is the first time Sierra Leoneans have been given the power to demand public information

Ø The issue of Records Management which according to him is very poor in Sierra Leone

Mr Sesay said very soon the Commission will start enforcing legal action against Public authority  ie who fail to provide public information after fifteen days of making the request and receiving complaint of such refusal of any institution or person responsible for providing such information.

Super User

Oct 2016 08

The Development Assistance Coordination Office (DACO) in the Ministry of Finance and Economic Development( MoFED), in collaboration with the Public Financial Management Improvement and Consolidation Project(PFMICP) has ended a week Regional training for Monitoring & Evaluation Officers and Development & Planning Officers in Devolved MDAS and Local Councils on the rolling out of the new and upgraded version of DAD to Ministries, Departments and Agencies. The training was sponsored by the Public Financial Management Improvement and Consolidation Project through funds donated by donor partners.

Super User

Mar 2016 03

Twelve Non- State Actor (NSA) Organizations from the four regions of the country have been awarded grants to the tune of USD 100,00 for projects to strengthen on-going Public Financial management reform efforts. The award of the grants was announced during the launching of the 2016 citizens guide of the budget at the main conference hall of the Ministry of Finance and Economic Development.

Super User

Mar 2016 03

The Ministry of Finance and Economic Development under the Public Financial Management Improvement and Consolidation Project ( PFMICP) at MoFED, on Tuesday 3rd March 2016, started the Integrated Financial Management Information System(IFMIS) roll- out to eight additional Ministries, Departments and Agencies ( MDAS) who were not using the IFMIS before this time.

Super User

Oct 2015 21

A joint monitoring team of the Accountant General Department, Public Financial Management Improvement and Consolidation(PFMICP),Public Financial Management Reform Project, (PFMRU) and the Information Communication Technology Department of the Ministry of Finance and Economic Development has on Wednesday 21st October , conducted inspection of Ministries, Departments and Agencies Local Area Network (LAN) for the Integrated Financial Management Information System (IFMIS) roll out which is scheduled for November 2015.


The Ministry of Finance and Economic Development is a Key arm of the Government of Sierra Leone mandated to to formulate and implement sound economic policies and public financial management

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