Bank Governor tells government cut down tax

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The Central Bank Governor, Prof. Muana Keifala Kallon has advised  the government of Sierra Leone to reduce revenue in tax in order to attract investors to the country.

Twice now, he said, the bank has auctioned the United State Dollars twice but that that has not, in any way, impacted the current exchange rate, adding that government must look into all taxes and try to normalize them.

He furthered that the exchange rate determines the amount of United States Dollars the country needs, and currently, the government spends more than what it takes in.

Prof. Kallon therefore said the government must revisit some of the Executive Orders made by President Bio and emphasised the need for government to reduce taxes so that business people will not divert trade to neighboring countries as they have already started doing.

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Abu Bakarr Tarawally is a Journalist based in Freetown. He works for the Sierra Leone Broadcasting Corporation as a radio producer. He has once served as Editor for a few newspapers in Freetown, including Sierra Express Media, The Exclusive Newspaper and his own newspaper, the Daily Express Publications. He is a teacher trainer, and loves writing and reading a lot. Email: abstarawally@gmail.com. Call +232 88601277 or +2327661303.

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