Business And Economy

By Tanu Jalloh

I am certainly not enthusiastic about the hope to prop up the informal sector in Sierra Leone. When I set out to do my piece on the said issue for my Business and Economy column, most of the references I contacted stood out in my favour. I mean, almost all of them had findings that support my belief that very little efforts were being made to deliberately bring up to speed the informal sector with the formal sector.

By Tanu Jalloh

When, in recent days, Ghana chose to get extremely nationalistic in her approach to safeguarding what she felt were some basic rights in the form of opportunities provided by the state for local petty traders, I felt the move could undermine diplomatic reverence in the West African sub-region.

BY TANU JALLOH

When I listened to the minister of finance and economic development, Dr Samura Kamara and his co-guest, Joe Kallon, on Radio Democracy’s flagship morning show one of these days, I realised there was a complete break in communication to the masses.

By Tanu Jalloh

Published recently by Index Mundi (www.indexmundi.com), “home of the Internet's most complete country profiles that contains detailed country statistics, charts, and maps compiled from multiple sources”, Sierra Leone’s economy was profiled for 2012.

By Tanu Jalloh

“When the facts change, I change my opinion. What do you do Sir?” asks John Maynard Keynes. The twentieth century British economist had many revolutionary ideas with almost all controversial. Yet they profoundly affected the theory and practice of modern macroeconomics. Thus in the above quote he was concerned that markets are dynamic and uncertain, which is to say we all have the ability to be wrong.

Last week Africa Economic Outlook launched its report for 2012. We here publish what the report says about the foirt Mano River Union countries

Sierra Leone

Sierra Leone’s GDP growth accelerated in 2011 and the outlook is positive for 2012 and 2013. Growth is mainly driven by mining sector activities and the new discoveries of iron ore mines aided by policy that will boost the economy.

Governance has improved in recent years following the implementation of the National Anti-Corruption Strategy (NACS).

By Tanu Jalloh

Too often, governments, especially in low-income countries like Sierra Leone, have had to put up with so much conditionality set aside by their donor partners and traditional benefactors like the Brits. Apart from the vogue in today’s private sector leading the country’s economy, a whole lot of comings and goings have had to be endured by the government to avoid a slope in the overall running of the country’s economy. They want a public-private partnership approach to economic governance.