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The Ministry of Finance has formally ushered in a new era of leadership with the official handover ceremony between outgoing Minister of Finance, Sheku Ahmed Fantamadi Bangura, and incoming Minister, Karefa A. F. Kargbo.
The event, held at the Ministry’s Conference Hall on George Street on Thursday, 3rd, September, marked the transition following President Julius Maada Bio’s appointment of Kargbo to the Finance portfolio.
In his farewell remarks, Bangura reflected on his three-year tenure, describing it as an honour to serve. He thanked President Bio for the trust reposed in him and acknowledged the collective efforts of staff, MDAs, and development partners in navigating economic challenges and implementing reforms aimed at restoring macroeconomic stability. He assured his successor of continued support and noted that the Ministry had documented progress since 2023, including the country’s economic position and institutional commitments.
Taking over the portfolio, Minister Kargbo expressed gratitude for the appointment and commended his predecessor’s stewardship. He pledged to sustain the gains achieved while focusing on strengthening fiscal performance, citing the supplementary budget as part of ongoing efforts to improve outcomes. Kargbo promised an open-door policy and close collaboration with MDAs to ensure timely delivery of government targets and reforms.
Minister of Planning and Economic Development, Kenyeh Barlay, lauded Bangura’s service and welcomed Kargbo, expressing optimism about continued cooperation between the two ministries. Senior Deputy Financial Secretary Mariatu Brown also extended a welcome, while Deputy Minister of Finance II, Isata Marah, delivered closing courtesies.
Heads and representatives of key agencies under the Ministry, including MoPED, NRA, FIA, and AGD, were present at the event, underscoring the importance of the transition for Sierra Leone’s fiscal and economic governance.
