Section 3: In this Act, unless the context otherwise requires

"Bank" means the Bank of Sierra Leone; "Board" means the Board of Directors of the Bank of Sierra Leone appointed under section 12; "Deputy Governor" means the Deputy Governor of the Bank of Sierra Leone; "Government" means the Government of the Republic of Sierra Leone; "Governor" means the Governor of the Bank of Sierra Leone; "licensed institution" means an institution holding a valid licence issued by the central bank for the purpose of taking deposits; "Minister " means the Minister for the time being responsible for finance. [Margin: Act No. 6 of 1963.] "repealed Act" means the Bank of Sierra Leone Act, 1963; No. 3 Bank of Sierra Leone Act 2000 31 PART II — ESTABLISHMENT, OBJECTIVE AND FUNCTIONS OF THE BANK [Margin: Establishment of Bank.]