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Sierra Leone’s economic situation is deteriorating on a daily bases as the dollar exchange is way above the Leone which has made the cost of living very expensive.
The central bank has been Auctioning dollars to commercial banks recently but this strategy seems not to be working as it’s not reflected in the market for the ordinary citizens.
In this light, the Bank governor, Prof. Kelfala Kallon has stated that the country is in a very difficult situation, and as much and as hard they’ve tried to mitigate the impact of what is going on, certain things are beyond their control because Sierra Leone is a small country.
He called on Sierra Leoneans to pray for the Ukraine-Russia war to end and for COVID-19 to ha away for the world’s economy to move to where it is supposed to be so that things can get better in Sierra Leone.
“I also want to tell the people of this country that I am gravely sorry that I am in a situation where I don’t have the capacity to get rid of that hurt”, he said.
