Section 50, The Public Financial Management Act, 2016

(1) The Bank of Sierra Leone may, in accordance with theguidance of the Minister, invest, whether in Sierra Leone or elsewhere, public money which is held in the Treasury Single Account and not immediately required to be paid to meet any obligation of the Government. (2) When the amount of public money accounted in the Consolidated Fund is invested under subsection (1), the interest earned from the investment and the principal sum of the investment shall also be accounted in the Consolidated Fund. (3) Under subsection (1), public money may be invested only – (a) on deposit with a financial institution in Sierra Leone or a bank elsewhere, approved by the Minister for the purpose; (b) in securities representing public debt of Sierra Leone; or (c) such readily-marketable securities as may be approved by the Minister. (4) In consultation with the Bank of Sierra Leone, the Minister shall prescribe investment guidelines to specify policies and rules on the investment of public money under subsection (1).