Unlocking Sierra Leone’s Economic Potential: Addressing the Impact of Government Borrowing on Private Sector Growth

As Sierra Leone grapples with economic challenges, the reliance on government borrowing from commercial banks emerges as a significant obstacle to private sector growth. This reliance, while initially serving fiscal needs, poses a conundrum for the nation’s economic prospects. Hindered by commercial banks’ preference for lending to the government, the private sector languishes, unable to fulfill its role as an engine of growth and innovation. The repercussions of this dynamic reverberate throughout the economy, stifling opportunities for sustainable development and job creation. To unlock Sierra Leone’s economic potential, policymakers must address this impasse and prioritize policies that empower the private sector to thrive.