In less than six months, seven employees have resigned from the Bank of Sierra Leone, with many speculating that the low pay scale is behind the departures.

From senior managers to banking officers, these resignations have raised questions about the working conditions at the country’s central bank.

Among those who have stepped down are Mrs. Alberta Sesay and Mariama Gbuja Bundunka-Heimoh, both banking officers who left in August. Dr. Abu Bakarr KSK Daoh, a manager, resigned in September and has since joined Ecobank in a senior role.

Osman David Kamara, also a manager who resigned in September, has followed a similar path and is now at Ecobank in a higher position. Alhaji U Jalloh, a former senior manager, also left the bank in September, and an unnamed assistant manager resigned in October to take up a position with an international NGO. Abdul Salami, a senior banking officer, also resigned in October.

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No clear reason has been given for these resignations, but a former official at the central bank, speaking anonymously, suggested that the low salaries compared to other banks might be a major factor. According to this source, the Bank of Sierra Leone offers the lowest pay among central banks in the region, which may be driving skilled workers to seek opportunities elsewhere.

While the Bank of Sierra Leone has confirmed that resignations took place, a spokesperson only acknowledged two departures, not the seven reported.

The resignations have raised concerns about the bank’s ability to retain experienced staff if the issues aren’t addressed.