Section 37, The Bank of Sierra Leone Act, 2000

Without prejudice to any other provision of this Act or in the Banking Act, the Bank shall, for the purpose of efficient monetary management, have power to— (a) impose a ceiling on the level of bank credit; (b) expand or contract credit facilities to licensed institutions; (c) determine the maximum lending period by licensed institutions, the kind of collateral and amount of loan against such collateral; (d) alter the minimum ratio of reserve to deposits or the minimum capital adequacy ratio which every licensed institution shall maintain; (e) impose such special requirements on deposits with licensed institutions as it may determine. [Margin: Prohibited activities.]