Saturday January 18, 2025

Business (G)

Gambia’s Remittances Reached $775.6 Million in 2024

The Gambia’s remittances reached $775.6 million in 2024, accounting for 31.5% of GDP, underscoring their critical role in the nation’s economy and household support.

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Global Hardwood Demand Significantly Impacts The Gambia’s Revenue

The global demand for hardwood, especially rosewood, has fueled illegal logging in The Gambia, significantly impacting its revenue and contributing to corruption, insurgency funding, and environmental damage.

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Minister Keita Says the Government is now Receiving Donor Funding

Finance Minister Seedy Keita confirmed that the Gambian government has started receiving donor funding to support national initiatives, despite challenges in balancing expenditures and revenues while relying heavily on domestic resources throughout 2023.

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Gambia-remittances-2024

Gambia’s Remittances Reached $775.6 Million in 2024

The Gambia’s remittances reached $775.6 million in 2024, accounting for 31.5% of GDP, underscoring their critical role in the nation’s economy and household support.

Share the news with your Friends and Family
Global-hardwood-demand-significantly-impacts-The-Gambia's-revenue

Global Hardwood Demand Significantly Impacts The Gambia’s Revenue

The global demand for hardwood, especially rosewood, has fueled illegal logging in The Gambia, significantly impacting its revenue and contributing to corruption, insurgency funding, and environmental damage.

Share the news with your Friends and Family
Donor-Funding-Gambia’s-National-Budget

Minister Keita Says the Government is now Receiving Donor Funding

Finance Minister Seedy Keita confirmed that the Gambian government has started receiving donor funding to support national initiatives, despite challenges in balancing expenditures and revenues while relying heavily on domestic resources throughout 2023.

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Infographic-showing-Gambia-duty-waivers'-revenue-impact-2024

Gambia’s Government Lost Over D4 Billion Due to Duty waivers

In 2024, The Gambia lost D4.33 billion in duty waivers, granted to stimulate economic growth anIn 2024, The Gambia lost D4.33 billion in duty waivers despite improved tax administration. Learn about the impact, oversight by GRA, and policies like zero duty on rice imports.d investment, but these measures also raise revenue and compliance concerns, monitored by the GRA and overseen by a multi-agency committee.

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GRA-aims-collect-D23-billion-2025

GRA Aims to Collect D23 Billion in 2025.

The GRA aims to collect D23 billion by 2025 after surpassing its 2024 target with D20.83 billion, reflecting 32% growth driven by reforms and digital initiatives like Asycuda World and ITAS under Commissioner General Yankuba Darboe.The GRA aims to collect D23 billion by 2025 after surpassing its 2024 target with D20.83 billion, reflecting 32% growth driven by reforms and digital initiatives like Asycuda World and ITAS under Commissioner General Yankuba Darboe.

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