Sierra Leone’s Economy Shows Signs of Stabilization, Says State House Communications Director

Sierra Leone’s economy appears to be stabilizing, with growth projected for 2025, according to Myk Berewa, Director of Communications in the Office of the President.

Berewa highlighted that more young people are venturing into business, while young women are traveling to countries such as China and Turkey to pursue trade opportunities.

He pointed to several indicators of economic progress, including a steady exchange rate, easing inflation, and lower food prices. Inflation has slowed to 5.4 percent, and the one-year treasury bill rate has dropped from 41 percent in April 2025 to 16 percent by September 2025, reflecting improved investor confidence and fiscal stability.

He also noted improvements in domestic agriculture, saying Sierra Leone is importing less rice as local production rises. Berewa added that the monthly minimum wage can now buy around 41 kilograms of imported rice, up from 33 kilograms last year.

“This is progress… we will do more,” Berewa said.

Despite these positive indicators, food insecurity remains a major challenge. According to the World Food Programme (WFP), 82 percent of Sierra Leoneans now face some level of food insecurity, up from 49 percent in 2018. These figures highlight the ongoing difficulties many households continue to face, even amid signs of economic improvement.