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4 years ago

Exclusive interview with Momodu Kargbo, Minister of Finance

  • Text
  • Economic
  • Leone
  • Finance
  • Subsidy
  • Momodu
  • Continued
  • Infrastructure
  • Improve
  • Fiscal
  • Kargbo
On progress, popularity & difficult decisions.

Exclusive interview with Momodu Kargbo, Minister of

Change Maker Sierra Leone’s Minister of Finance on progress, popularity and diff icult economic decisions Momodu Kargbo, Sierra Leone’s Minister of Finance and Economic Development was appointed in March 2016’s major cabinet reshuff le and given the signif icant challenge of addressing the negative impact of the Ebola epidemic and the decline in commodity prices on Sierra Leone’s economy. With stints in the National Development Bank; as Sierra Leone’s Deputy Minister and Minister of State with the Ministry of Finance and Economic Development (MOFED); and as Governor of the Bank of Sierra Leone, Momodu Kargbo has experienced the internal workings of Sierra Leone’s erratic economic heart, and firmly believes the path to progress lies in education, hard work and financial prudence. His own life story bears out the success of that formula. He describes his parents as “simple people”. His father was in the army - part of the team at Cockerill Barracks who maintained the great naval and coast defence guns that pointed out to the sea in case of invading enemy ships. He can still recite the motto engraved into them: “Load me well and keep me clean.” He remains very proud of attending the Royal Sierra Leone Military Force as a cadet. “We were being trained to become leaders in the army. These were the boys hand picked to become officers, with the most prominent army people deriving from among their ranks.” He clearly feels an intense affection for his cadet days, where the regular school day was followed by military training. The rigour of this early education is still evident in his sense of discipline, orderliness and respect for punctuality. The family lived in Limba Town, by Aberdeen Bridge, Cockle Bay. It was like living in a village, he remembers, everyone came from two neighbouring villages in Tonko Limba and they were related. Everyone spoke Limba. It is why, despite growing up in Freetown, he learned to speak Limba fluently. He was no more than eight when his father died. Disagreements between his mother and his father’s relatives, meant she eventually moved from Cockle Bay to Brookfields, where his mother’s side of the family lived. It is the influence of his mother in the way he has lived his life, that he most repeatedly refers to. Mammy Sata was fiercely hard working. She produced and sold Omole, grew and sold the produce of her small garden and also did petty trading. “She could make money and would take nonsense from no one,” he says. Although illiterate, she had a great determination to see her children well educated. “If you wrote an ‘A’ as big as this house, she wouldn’t know what it was, but her greatest passion, her greatest ambition was to see her children educated.” His mother’s drive, purpose and no-nonsense approach would appear to have been inherited by her son. Asked how his supporters and detractors describe him, his answer is the same: “Difficult and get nah hand.” He gives a wry laugh, but he is quite clear that he believes in progress over popularity.

Economic Leone Finance Subsidy Momodu Continued Infrastructure Improve Fiscal Kargbo

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Economic Leone Finance Subsidy Momodu Continued Infrastructure Improve Fiscal Kargbo