Section 13, The Bank of Sierra Leone Act, 2000

(1) The Governor and Deputy Governor shall each be appointed by the President by instrument under the public seal for a term of five years and shall be eligible for re-appointment. (2) The Governor and Deputy Governor shall be persons of recognized financial experience and shall be appointed on such terms and conditions, which may not be altered to their disadvantage during their tenure of office, as may be set out in their respective letters of appointment. (3) The Governor shall be the Chief Executive of the Bank and shall accordingly be charged with the following powers and functions— (a) subject to such directions as may from time to time be given by the Board, the execution of policies and measures approved by the Board and the direction, supervision and control of the operations of the Bank and its internal management and administration; 36 No. 3 Bank of Sierra Leone Act 2000 (b) the exercise of such powers or duties of the Bank as may be delegated from time to time by the Board; (c) the making of regular reports to the Board on the management and operations of the Bank; (d) the provision of data, information and advice necessary for the formulation of policies by the Board for the attainment of the objective of the Bank. (4) The Deputy Governor shall assist the Governor in the performance of his duties under this Act. (5) Without prejudice to subsection (4), the Governor may in writing, delegate to the Deputy Governor, subject to such conditions and limitations, if any, as he may specify, such of the functions exercisable by him under this Act or any other enactment as he thinks necessary for the efficient administration of the Bank. (6) While holding office, the Governor and Deputy Governor shall not occupy any other office or assume any other position of responsibility, whether or not there is any remuneration attached to it. (7) Notwithstanding subsection (6), the Governor and Deputy Governor may— (a) act as members of any commission established by the Government to inquire into any matters affecting currency, banking or other economic problems; or (b) become governors, directors or members of the Board, by whatsoever name called, of any international authority to which the Government shall have adhered or given support or approval. [Margin: Other Directors of the Bank.]