Finance

KMC Audit Gaps Exposed: Director Reveals Weak Oversight and Susceptibility to Fraud

Frederic Tendeng September 19, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Local Government Commission of Inquiry on Wednesday heard startling revelations from Landing Colley, the Director of the Internal Audit Unit at the Kanifing Municipal Council (KMC), about significant gaps in the council’s audit processes and oversight mechanisms. Colley, who was appointed on April 28, 2023, testified on his findings since assuming office.

The Gambia Cashes in on Senegambia Bridge: Finance Minister Updates Lawmakers on $15.5 Million Payout

Frederic Tendeng September 19, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Gambian government has received a substantial financial boost from its partnership with Africa50, following the signing of a concessional agreement for the management of the Senegambia Bridge. During a recent Question and Oral Answer session in the National Assembly, the Minister of Finance and Economic Affairs informed lawmakers that the country had secured $15.5 million as the first tranche of compensation under the Asset Recycling Program.

Senegal Inaugurates Financial Judicial Body to Prosecute Corruption and Economic Crimes

Frederic Tendeng September 17, 2024

Gambiaj.com – (DAKAR, Senegal) – On Tuesday, in Dakar, Senegal’s Minister of Justice, Ousmane Diagne, officially inaugurated the Financial Judicial Pool (PJF), a newly established court designed to enhance the nation’s response to economic and financial crimes.

Government Cracks Down on Non-Compliance with Digital Tax Stamp System

Jarai Jallow September 5, 2024

Gambiaj;com – (BANJUL, The Gambia) – The Ministry of Finance and Economic Affairs, in collaboration with the Gambia Revenue Authority (GRA), has issued a stern warning to producers and manufacturers who are failing to comply with the newly introduced Digital Tax Stamp System.

Senegal’s Prime Minister Sonko Launches Accountability Inquest on Macky Sall’s Administration

Frederic Tendeng September 5, 2024

Gambiaj.com – (DAKAR, Senegal) – Senegal’s Prime Minister Ousmane Sonko has announced the initiation of a comprehensive accountability and transparency inquest targeting officials from the previous Macky Sall administration.

Gambia Central Bank Probes Banks’ Role in Fuel Import Tax Evasion Scandal

Awa Colley August 29, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Standard Newspaper has revealed that the Central Bank of The Gambia (CBG) is investigating how three companies, suspected of importing and selling Russian fuel without paying taxes, managed to open accounts at commercial banks.

The Gambia Central Bank Implements Single Exchange Rate Policy to Strengthen Dalasi Stability

Kaddy Danso July 17, 2024

Gambiaj.com – (BANJUL, The Gambia) — Buah Saidy, the governor of the Central Bank of The Gambia (CBG), announced a significant policy shift revealing the introduction of a single exchange rate policy to stabilize the national currency, the dalasi.

Gambia Government Halts Non Essential Foreign Travel to Curb Spending

Frederic Tendeng July 15, 2024

Gambiaj.com – (BANJUL, The Gambia) – In a move to rein in government expenditures, the Office of the President of the Republic of The Gambia has issued an executive order temporarily suspending all foreign travel for government officials.

BAC – Commission Uncovers More Financial Mismanagement as Director of Finance Testifies

Frederic Tendeng July 10, 2024

Gambiaj.com – (BRIKAMA, The Gambia) – On Tuesday, Alagie Jeng, the Director of Finance at the Brikama Area Council (BAC), continued his testimony before the Local Government Commission of Inquiry (LGCI), shedding light on significant financial irregularities within the Council.

Youssou Ndour Media Group’s Accounts Blocked by Senegalese Tax Authorities

Frederic Tendeng July 5, 2024

Gambiaj.com – (DAKAR, Senegal) – The Futurs Médias Group (GFM), one of Senegal’s leading media conglomerates, has had its accounts blocked by the government’s tax authorities, as revealed by the group’s general director, Birane Ndour.

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