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Grants to Gambia reduce by more than half in a year

1 Jan
Thumbs Down: For the first nine months of 2016, grant disbursement to the government stands at D242 million, much lower than D565 million it was in the same period of 2015. (Photo Credit: MSJoof/TNBES/FPI)

Thumbs Down: For the first nine months of 2016, grant disbursement to the government stands at D242 million, much lower than D565 million it was in the same period of 2015. (Photo Credit: MSJoof/TNBES/FPI)

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The Gambia unveils 2014 national budget of D8.6 billion

20 Dec
Dalasi gambiano

It included a budget support of D313 million from World and African Development banks. (Photo credit: Wikipedia)

By Modou S. Joof

The Government of The Gambia has on Thursday unveiled the national budget for 2014 which is an estimated D8.6 billion to be derived from domestic revenue and grants – representing an increase of 1 billion on the 2013 budget of D7.6 billion.

According to the country’s minister of finance and economic affairs, Kebba Touray, the budget represents a growth of 13.5 per cent principally due to a 20.5 per cent expected rise in tax revenue and a 32.0 per cent projected increase in non-tax revenue.

He told the National Assembly on December 19 that these forecasts assume that there will be improvements in compliance levels as well as the implementation of new revenue measures. It included a budget support of D313 million from World and African Development banks. Continue reading

The Gambia Government say to levy heavy tax on tobacco

20 Dec
I took this photograph.

The new measures came 17 days after an anti-drugs and tobacco activist hints at stiffer tobacco control measures (Photo credit: Wikipedia)

By Modou S. Joof

The Gambia Government has announced it will impose high taxes on tobacco in 2014.

This new policy was revealed by the minister of finance and economic affairs, Mr Kebba S. Touray on Thursday when he unveiledthe 2014  budget estimates of D8.6 billion for revenue, expenditure and development to the national assembly.

Government’s revenue measures for 2014 will rise with specific excise on tobacco products – from D5 per pack to D9 per pack with an environmental tax rate on tobacco products from 0.20 [bututs] per pack to D2.10 per pack, he said on December 19, 2013.

According to Touray, the Jammeh-led government will further increase the specific excise on other tobacco products from D37.50 per kilogram to D150 per kilogram – with an environmental tax rate from D75 per kilogram to D100 per kilogram. Continue reading

China and Gambia had ‘no contact’ over Taiwan ties cut

18 Nov

甘比亞總統賈梅(Yahya. J. J. Jammeh)致贈楊部長甘國傳統樂器

甘比亞總統賈梅(Yahya. J. J. Jammeh)致贈楊部長甘國傳統樂器 (Photo credit: 中華民國外交部 MOFA, R.O.C. (Taiwan) – Gambia President Jammeh (Yahya. JJ Jammeh) presented a Minister Yang Gan traditional instruments (Photo credit: Republic of China Ministry of Foreign Affairs)

By Modou S. Joof

Reoprts in Beijing have indicated that China had “no contact” with The Gambia prior to the severing of ties with Taiwan on Thursday.

Xinhua news agency quoted China’s Foreign Mninistry spokesman Hong Lei as saying: “We learned the news from foreign media reports. There was no contact between China and Gambia.”

China’s reaction comes at the back of foreign media reports suggesting Gambia may have been pressured by China to break off ties with Taiwan. Continue reading

Gambia ends ties with ‘shocked’ Taiwan after 18 years

15 Nov

Taiwan regrets President Jammeh’s ‘personal style’

President Yahya Jammeh, right, says Gambia wants to "remain friends" with Taiwanese people [EPA]

President Yahya Jammeh (in white) says Gambia will “remain friends” with Taiwanese people [EPA]

By Modou S. Joof

The Republic of China (Taiwan) has expressed shock and regret at Gambia’s decision on Thursday to sever ties with the country over “strategic national interest”.

President Jammeh’s Office, State House, said: “This decision has been taken in our strategic national interest.” Diplomatic relations with Taiwan began in July 1995, and had span for a little over 18 years.

“Despite the end of diplomatic ties with Taiwan, we will still remain friends with the people of Taiwan,” Jammeh said, citing the severing of ties takes immediate effect as of November 14, 2013. Continue reading

Goodluck Jonathan due in Banjul Wednesday

4 Nov
Goodluck Jonathan, Executive Governor of Bayel...

President Jonathan (in black) is visiting Gambia on November 6, 2013 (Photo credit: IITA Image Library)

By Modou S. Joof 

Nigeria’s President Goodluck Jonathan is due in Banjul, The Gambian capital on Wednesday for a two-day visit which officials say is intended “to strengthen cooperation” between Abuja and Banjul. Continue reading

Gambia’s President Jammeh revoke licences of all forex bureaus

14 Aug
Cropped version of :Image:Gambia President Yah...

Now, the Jammeh-led Government said all Forex bureaus that operated in the foreign exchange market, are to apply afresh for licences. (Photo credit: Wikipedia)

By Modou S. Joof

All 56 registered forex bureaus in The Gambia have had their licences revoked with immediate effect by the country’s President, Yahya Jammeh on Tuesday, August 13.

“All licences of foreign exchange bureaus issued by the Central Bank of The Gambia (CBG) has been declared null and void with immediate effect by the Government of The Gambia,” Jammeh said in a press statement.

The 1 minute 30 seconds despatch from Jammeh’s Office, State House, claims “the cancellation of the licences has been necessitated by the failure of operators in the foreign exchange market to comply with the advice and warning given to them by the Government”. Continue reading

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