14/01/2021
Port Management On a Sound Financial Standing
In September 2018, Dr Abdulai Fofana and Mr. Yankuba Askia Bio were appointed as General Manager (GM) and Deputy General Manager (DGM) of the Sierra Leone Ports Authority respectively. Their appointments were part of President Bio’s call for a functional and structural transformation of the Sierra Leone Ports Authority particularly the Freetown Port.
Since their appointments, the new management team has implemented several structural reforms geared towards perfecting the operations of the port to a cadre of excellence in the sub-region.
Imbibed with exemplary leadership aptitude and character, the pace of institutional discipline, compliance to work ethics, enhancing trust with business partners and improving staff welfare has improved significantly since they took up office in the last 52 months.
In view of the above, the GM and DGM have consented to reflect and review their service to the nation through the Sierra Leone Port Authority, one of Sierra Leone’s fastest-growing and transforming institution in tandem with the vision of His Excellency, The President, Rtd., Brigadier Julius Maada Bio’s New Direction Philosophy.
This piece will reflect the Authority’s financial standings for the years 2019 and 2020 through robust revenue generation and mobilization mechanism.
Pursuant to the prudent financial management and reasonably cutting down on the recurrent cost, management has realized a significant boost in its income and reserves.
Reflecting in the state of affairs of the Authority upon assumption of office, the Authority was in debt value of Twenty One Billion Leones (Le 21bn) for severance benefit to erstwhile staff of the Authority of which 80% has been paid by the current administration.
Ultimately a review of the Human Resource policy of the Authority has increased Staff basic salaries and allowances by 40% effective January 2021.
The Authority with the continued leadership of His Excellency