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Section 41, The Bank of Sierra Leone Act, 2000

Status not yet checkedThe Bank of Sierra Leone Act, 2000, Sierra Leone

(1) The Bank shall act as the financial adviser to the Government. (2) The Government, through the Minister may request the Bank to render advice and to furnish reports on matters relating to the activities of the Bank. (3) It shall be the duty of the Bank— (a) to inform and advise the Government, through the Minister, on any matter which in its opinion is likely to affect the achievement of the objective of the Bank; (b) to adopt such policies and to cause such remedial measures to be taken, as are appropriate in the circumstances and authorised by this Act; and (c) to submit to the Government a detailed report which shall include as a minimum, an analysis of— (i) the causes of any anticipated economic disturbances or, of the actual abnormal movements of the money supply or the price level; 52 No. 3 Bank of Sierra Leone Act 2000 (ii) the probable effects of such disturbances or movements on the level of production, employment and real income in Sierra Leone; and (iii) the measures which the Bank has already taken, and any further monetary, fiscal or administrative measures which it proposes to take or recommend for adoption by the Government. [Margin: Credit to Government.]

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