The Gambia unveils 2014 national budget of D8.6 billion
20 DecBy 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 DecBy 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 NovBy 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 NovTaiwan regrets President Jammeh’s ‘personal style’
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 NovBy 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 AugBy 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
The Gambia secured over D557M to complete construction of NA building
28 JunBy Modou S. Joof
The Gambia Government on Monday announced it has secured an additional funding of $16.88 million (over D557 million) for the completion of the National Assembly (NA) building which is currently under construction.
The building, which is been referred to as “state-of-the-earth” by the Government in Banjul, will accommodate 400 guest, an auditorium for 150 people, offices, committee rooms and a canteen. Continue reading
The Gambia’s Parliament throw-outs US deal against ‘illegal maritime activities’
28 JunBy Lamin Jahateh
The Gambia’s Parliament Wednesday threw-out a motion to ratify an Agreement between the Government and the United States cooperation meant to suppress illicit transnational maritime activity.
Parliament said the deal is “one-sided and does not favour” the tiny West African country. Continue reading
The Gambia and Sierra Leone: Two parliaments to sign MoU
28 JunBy Lamin Jahateh
The parliament of The Gambia and that of Sierra Leone have held a discussion that could culminate into the signing of a Memorandum of Understanding (MoU) – to cover different areas of mutual interests.
A report presented to the Parliament in Banjul on Wednesday, stated that the discussion was held during a study visit by a delegation from The Gambia’s Parliament to their counterparts in Freetown, Sierra Leone from March 18-21. Continue reading