Monday, May 25, 2020

The Central Bank Of The Gambia Has Assured The Public That Their Deposits In The Banks Are Safe.

Must Read

The State And The Councils In Delivering Food Aid

The Councils are executive bodies. They collect taxes, make by-laws and execute to provide services. That is why Councils...

How Could We Succeed In Combatting Covid 19?

QUESTION OF THE DAY A declaration of a state of emergency is simply a way of alerting the whole nation...

Patrol Troops Deployed Upon Senegalese Soldiers Entering Gambian Territory

By Mustapha Jallow Gambian troops have been deployed to the village border of Sare Omar after villagers confronted Senegalese soldiers...

“The Central Bank wishes to inform the general public that the banking sector is well capitalized and adequately profitable.

“The Bank assures the general public and bank customers in particular that their funds are safe.

“The banking sector remains safe, sound and stable. There is no cause for alarm. Customers are urged to continue their normal banking transactions as usual,” a press statement by the Bank asserted yesterday.

The Bank issued the statement in the wake of a white paper by Cabinet on the report of the Commission of Inquiry into the financial activities of the former President Yahya Jammeh and his close associates, which was released on Friday, 13th September. The findings and recommendations of the Commission are contained in a nine (9) Volume report.

Volume 9 of the report which “mandates the Central Bank of The Gambia to implement recommendations relating to the banking sector,” is what is of concern to the Central Bank which prompted it to issue the statement.

- Advertisement -

The Bank asserted that “The implementation of the said recommendations would not adversely affect the strong financial position of the banks.”

Latest News

The State And The Councils In Delivering Food Aid

The Councils are executive bodies. They collect taxes, make by-laws and execute to provide services. That is why Councils...
- Advertisement -

How Could We Succeed In Combatting Covid 19?

QUESTION OF THE DAY A declaration of a state of emergency is simply a way of alerting the whole nation that COVID 19 is a...

Patrol Troops Deployed Upon Senegalese Soldiers Entering Gambian Territory

By Mustapha Jallow Gambian troops have been deployed to the village border of Sare Omar after villagers confronted Senegalese soldiers for wrongly entering their territory...

Mayor Bensouda solicits more support from Government to councils

By Yankuba Jallow Talib Ahmed Bensouda, the Mayor of Kanifing Municipality has called on the central government to support councils by divulging some of its...

Kanifing Municipal Council Launches 50,000 Face Mask Initiatives

By Yankuba Jallow Talib Ahmed Bensouda, the mayor of Kanifing Municipality on Thursday, 21st May 2020 presided over the launching ceremony of fifty thousand (50,000)...
- Advertisement -

People Also Read This