Section 61, THE BANK OF SIERRA LEONE ACT 2019

(1) The Bank shall be the banker, fiscal agent and advisorto theGovernment on monetary and financial matters and shall be the depository of all Government funds. (2) The Bank may, after consultation with the Minister, act in such capacities to Government institutions, agencies and local government bodies as the Minister may determine. (3) The Minister may, on the advice of the Bank operate working bala nces and generally use the services of financial institutions as may be designated by the Bank from time to time. (4) 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; (5) As banker to the Government the Bank may- (a) pay interest on amounts deposited in any Government account in line with market conditions; (b) receive remuneration from the Government for services rendered by it under this section in line with market conditions. (6) The Minister may request the Bank to render advice and to furnish information on matters relating to the objectives and functions of the Bank. (7) It shall be the duty of the Bank to inform and advise the Minister concerning any matter, which in the opinion of the Bank is likely to affect the achievement of the objective of the Bank.