A senior economist at the Ministry of Finance, Alimamy Bangura, has said that Sierra Leone’s economy had been showing significant signs of recovery and stability before the outbreak of the ongoing conflict in the Middle East involving Iran.

Speaking at the Government’s Weekly Press Conference organized by the Ministry of Information and Civic Education, the Chief Economist outlined several improvements recorded in the country’s economic indicators in recent years.

Bangura said government revenue increased from 7.2 percent in 2022 to 11.3 percent in 2025. He also disclosed that inflation had dropped to 4 percent, while the exchange rate remained relatively stable during the same period.

According to him, the gap between revenue and government expenditure also narrowed significantly, moving from six percent of Gross Domestic Product in 2022 to four percent in 2025.

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Bangura added that the country’s trade balance also improved, noting that the trade deficit had reduced significantly. He emphasized that these indicators showed that the country’s economic fundamentals were under stable control by Sierra Leone’s economic managers.

However, the economist cautioned that the ongoing conflict in the Middle East could pose a threat to Sierra Leone’s economic growth if it persists. He warned that the rising cost of fuel could trigger ripple effects across the economy, including increases in food prices and other essential goods.

Bangura assured the public that the Government is working on programs aimed at cushioning the economic impact on citizens. He said the planned measures would be similar to the interventions implemented during the global crisis caused by COVID-19.