Finance

Guaranty Trust Bank to Take Over Revenue Collection at EFSTH, Upsets Some Staffs

Frederic Tendeng March 2, 2024

Gambiaj.com – Staff at the finance department of the Edward Francis Small Teaching Hospital (EFSTH) have raised concerns over the impending takeover of revenue collection by Guaranty Trust Bank (GTB). The change, set to be implemented on Monday, follows an agreement signed between the bank and EFSTH management, but it has sparked fears among staff regarding transparency, corruption, and mismanagement of funds.

Central Bank – Internal Debt Rises, But Dalasi Resilient Despite Slight Depreciation

Frederic Tendeng February 28, 2024

Gambiaj.com – Central Bank Governor Buah Saidy disclosed that the the government’s internal debt grew by 8.4% while the Gambian Dalasi underwent a minor decline compared to major international currencies in 2023 during the quarterly Monetary Policy Committee meeting update. In relation to the US dollar, the Dalasi lost 3.8 percent of its value; with the Euro, the loss is 10.8 percent; with the GBP, the loss is 12.7 percent; and with the CFA, the loss is 14.2 percent.

Senegal Bonds Sink After Presidential Vote Delayed Indefinitely

Frederic Tendeng February 5, 2024

According to Bloomberg, Senegal’s Eurobonds fell sharply after President Macky Sall postponed this month’s presidential elections and as lawmakers gathered to consider extending his mandate until a successor takes power.

Government Abandons Civil Servants Planned Allowance Increment.

Jarai Jallow January 31, 2024

According to information obtained by The Point, the Gambia’s government has revoked the allowance increase that was scheduled to take effect this month, January 2024, for public servants.

Govt Gets over $60 Million Budget Support from World Bank, ADB, EU

Lamin Jarjue January 2, 2024

The Gambia government has secured significant budget support from the World Bank Group ($40,500,000), the African Development Bank ($6,700,0000), and the

CBG – ‘Dalasi Declines, Debt Stock Increases, Inflation Drops Half a Point’

Jarai Jallow December 1, 2023

The Central Bank of The Gambia has opted to maintain the monetary policy rate at 17 percent. Presenting the conclusions of the Monetary Policy Committee (MPC), the Governor of the Central Bank of The Gambia, Buwa Saidy, stated on Thursday that the Gambian economy is recovering

Three Key Takeaways From MOFA’s Budget Estimates for 2024

Louise Mendy November 21, 2023

Seedy Keita, Minister of Finance and Economic Affairs, recently presented the 2024 budget estimates to the National Assembly. He revealed that the government’s total expenditure and net lending are expected to rise by 6%, from D37.15 billion in 2023 to D39.38 billion in 2024. Here are three key points from the minister’s speech to National Assembly members.