Section 7, THE BANK OF SIERRA LEONE ACT 2019

(1) There shall continue in existence a Board of Directorswhich shall consist of the following members- (a) the Governor who shall be Chairman; (b) the first Deputy Governor and a second Deputy Governor; and (c) 6 non-executive directors, all of whom shall be appointed by the President subject to the approval of Parliament. (2) The Governor and Deputy Governors shall each be appointed for a term of 5 years and shall be eligible for reappointment for another term of 5 years only. 4 5 (3) The 6 non-executive members shall hold office for a term of 3 years and shall be eligible for reappointment for another term of 3 years only. (4) Members of the Board shall be persons - (a) of proven integrity; and (b) having qualification and considerable experience in economics, finance, banking, accounting or law. (5) Where the office of the Governor, a Deputy Governor or a non-executive director is vacant, the President shall appoint another qualified person to complete the term of the outgone Governor, Deputy Governor or non-executive director.