Finance

EFSTH Cash Collection Jumps by 240% a Month After Outsourcing to GTBank

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.

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Gambia Revenue Authority Defends Duty Stamp Contract with SICPA

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.

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

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.

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

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.

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Three Key Takeaways From MOFA’s Budget Estimates for 2024

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.

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