Finance

Interbank Dalasi Market Declines in Volumes and Interest Despite Robust Banking Performance

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.

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Gambian Civil Servants Angered by Flip-Flop on Allowance Increments

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.

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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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