Authors : Samuel Koroma; Joseph Davies; Mohamed Sallu Turay

Volume/Issue : Volume 11 - 2026, Issue 3 - March

Google Scholar : https://tinyurl.com/ywwkmr9k

DOI : https://doi.org/10.38124/ijisrt/26mar1643

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : The breakdown of businesses and banks in Sierra Leone has deeply affected the nation's economy and money system. Instead of growth, weak leadership practices have dragged down bank performance - this paper looks into how that happened through real local examples. Rather than just blaming luck or markets, it shows that clear rules and honest decision-making could've prevented many issues. Without solid checks and balances like active boards, smart regulations, or working control systems - major banks eventually failed. A look at reports, finances, and official policies shows what’s behind bank collapses in Sierra Leone problems like weak leadership or poor rules. These breakdowns don’t just hit companies; they shake trust in markets, make loans harder to get, and leave people and firms exposed financially. What stands out is how badly broken systems need fixing - and fast. Tougher watchdog powers could help, along with clearer operations, smarter management habits, so disasters don’t repeat themselves while making the money network stronger overall. This study adds to what’s already known about company leadership in poorer countries, giving a clearer look at the struggles banks face in Sierra Leone - while also pointing toward possible fixes through real world examples.

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