A dedicated collection account to ring fence revenue from electricity sales is in the offing. It’s one of the measures being planned to revamp the energy sector.

Dr Sheku Bangura at a recent meeting with the Director of the Department of Policy and Evaluation at the Millenium Challenge Corporation (MCC) Ms Naureen Haque in Washington DC informed that a total overhaul of the sector has brought about reforms designed to dramatically improve the financial viability and operational efficiency of the electricity sector, thereby addressing directly one of the bottlenecks to private investment and industrial growth in Sierra Leone.

Private sector investors, he stated are now being invited to partake in electricity distribution in Sierra Leone.

The meeting also featured a sharp focus on governance metrics, with the Director of the Department of Policy and Evaluation, Ms Haque, offering a performance review. She lauded the government for its scorecard performance within the MCC framework but issued a firm word of caution. She encouraged the administration to accelerate reforms in three sensitive pillars: economic freedom to unlock business potential, genuine electoral reforms to ensure democratic integrity, and sustained efforts toward national unity. These, she noted, are not just political ideals but core economic stability indicators.

The Minister assured the MCC that the government is not complacent and is fully engaged in a broad stakeholder consultation process. He detailed ongoing dialogues with opposition parties, civil society, and traditional leaders to implement the electoral reform agenda and solidify the national unity agreement. This commitment to inclusive governance, he argued, is fundamental to sustaining the macroeconomic stability that the MCC Compact is designed to support.