Section 39, The Bank of Sierra Leone Act, 2000

(1) The Bank shall determine discount and interest rates to be charged by it on its lending within the overall framework of the monetary and credit policy in force. (2) The Board may prescribe conditions subject to which credit facilities will be made available by the Bank to licensed institutions. No. 3 Bank of Sierra Leone Act 2000 51 PART VIII — RELATIONS WITH THE GOVERNMENT [Margin: Bank as banker to Government.] 40 (1) The Bank shall act as the banker to the Government. (2) As banker to the Government the Bank shall— (a) receive, collect, pay and remit money, bullion and securities on behalf of the Government; (b) accept custody of all securities and other valuable objects belonging to the Government; (c) pay no interest on amounts deposited in any Government account; (d) except as otherwise determined after consultation with the Minister, receive no remuneration from the Government for services rendered by the Bank under this section. [Margin: Financial advice to Government.]