By: Saidu Jalloh
In a positive development for Sierra Leone’s economy, the Minister of Information and Civic Education, Chernor Bah, announced that the national inflation rate dropped from 13.09% in February to 10.71% in March 2025. The announcement came during the government’s weekly press briefing, where Minister Bah described the decline as a sign of economic recovery and improved fiscal management.
The 2.38 percentage point decrease within a single month reflects what Minister Bah called “steady progress” in the government’s efforts to stabilize the economy. He noted that inflation stood at a staggering 54% just one year ago, underscoring the significant progress made over the past 12 months.
“This is not just a number it’s a reflection of the hard choices and strategic decisions we have made as a government,” Bah said. He credited the continued drop in inflation to President Julius Maada Bio’s administration, citing measures such as tighter fiscal discipline, targeted subsidies, and stronger coordination with the Bank of Sierra Leone.
Minister Bah reiterated the government’s commitment to achieving single-digit inflation a key goal in President Bio’s broader economic reform agenda. “Our aim is to ensure that Sierra Leoneans can live with dignity and that the cost of living becomes more manageable for families across the country,” he stated.
The announcement has been met with cautious optimism from economists and the business community, who acknowledged the progress but stressed the need for sustained reforms to maintain downward pressure on inflation. They also highlighted the ongoing challenges posed by global economic uncertainties and supply chain disruptions.
Looking ahead, the government has pledged to continue implementing policies that promote macroeconomic stability, attract investment, and protect vulnerable populations from economic shocks.