Section 50, The Finance Act, 2021

(1) Pursuant to Article 3 of the ECOWAS Regulation C/ REG 13 on Supplementary Protection Measures (SPM) for the implementation of the ECOWAS Common External Tariffs (CET), the minister responsible for finance may take steps by statutory instruments to impose or alter taxes to regulate the production, supply and distribution of essential commodities and the trade therein, for reasons of regular supply and fair prices. (2) For the purpose of subsection (1), essential commodities refer to produce such as rice, wheat flour, cooking oil and baby food, animal feeds, and if supply is obstructed or short would affect the normal life of the average Sierra Leonean. (3) For the purpose of this Act "fair price" means the price of any essential commodity as determined by the Government for the purpose of- (i) regulating the prices at which any essential commodity may be bought or sold in any area; (ii) procuring any essential commodity for purpose of subsection (1), (iii) regulating, restricting or prohibiting the sale, disposal, transport and movement of any essential commodity.