Gambiaj.com – (BANJUL, The Gambia) – Representatives from the Association of Gambian Manufacturers (AGM) left a meeting with the Gambia Revenue Authority (GRA) yesterday, determined to continue their boycott in response to the new digital tax stamp requirement.
Gambiaj.com – (BANJUL, The Gambia) – Trade activity volumes in The Gambia’s interbank dalasi market from January to April 2024 totaled D4.9 billion, a significant decrease compared to the D7.4 billion recorded in the same period in 2023. The weighted average interest rate in the market also declined, falling from 7.4 percent in April 2023 to 4.9 percent in April 2024, following trends in the three-month Treasury bills rate.
Gambiaj.com – (BANJUL) – In the ever-evolving landscape of global beer consumption, The Gambia has emerged as a standout in beer tax rates. A recent report by Insider Monkey reveals that The Gambia tops the list in Africa and ranks sixth globally, with beer taxes standing at a notable 50.17%.
Gambiaj.com – (BANJUL) – Lucas Galbraith, a British national with over 25 years of experience in West Africa, is in The Gambia to invest in the fruit processing business. However, he has raised concerns about the low wages paid to Gambian workers in the sector.
Gambiaj.com – (BANJUL) – In a series of confusing events, Gambian civil servants have been left frustrated by the government’s indecision regarding their allowances. The saga began in November 2023 when the cabinet approved an increase in transport and residential allowances for civil servants, without any request from the recipients.
Gambiaj.com – (BANJUL) – The new cash collection system at the Edward Francis Small Teaching Hospital, in collaboration with Guaranty Trust Bank (GTBank), has significantly increased revenue. Implemented just a month ago, the program mandates that GTBank, with tellers installed at the hospital and its annexes, receives payment for all consultations and expenses.
Gambiaj.com – The Gambia Revenue Authority (GRA) has defended its decision to sign a duty stamp contract with Swiss company SICPA amidst criticism from various quarters. The Commissioner General of GRA, Yankuba Darboe, addressed journalists yesterday, stating that the criticism is unfounded and based on a misunderstanding of the contract’s contents.
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.
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.
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.
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