CTV Africa

West African Institute for Financial and Economic Management (WAIFEM) has started a regional course on techniques of economic analysis, monetary policy and financial management underway in The Gambia. The training started yesterday held at a local hotel in Senegambia and expected to end on Friday. Speaking at the opening ceremony, the director general of WAIFEM Dr. Baba Y. Musa explained that WAIFEM was established by the Central Bank of The Gambia, Ghana, Liberia, Nigeria and Sierra Leone in 1996. He added that the principal mandate of the institute is to strengthen capacity for improved macroeconomic and financial management in the constituent member countries. “Since its commenced operations in 1997, the institute has successfully executed 6, 93 courses, workshop and seminars, and these have benefited 18, 556 participants from the sub-region and beyond,” he said. He lamented that WAIFEM collaborates with a number of reputable institutions to ensure that its...

The president of The Gambia Adama Barrow has congratulated his Senegalese counterpart Macky Sall for winning the 2019 past election.     Mr. Barrow wrote on his twitter page saying “While I would also like to congratulate the people of Senegal for successful, peaceful elections, I stand ready to continue working with you to promote the welfare and wellbeing of our people and the sub region as a whole.” President Sall took 58% of the vote in the poll in which he faced four challengers, but was accused of preventing some of his main rivals from running. About six million people in Senegal, out of 15 million people have reported to have voted in the recent elections. President Barrow also extended felicitations, through President Sall, to the people of Senegal for conducting free, fair and peaceful elections. He reaffirmed his commitment to work with President Sall to promote stronger ties for the benefit of the peoples of b...

The Governor of the Central Bank of The Gambia Hon. Bakary Jammeh disclosed that the country’s debt increased to D31.2 billion (40.5% of Gross Domestic Product (GDP)) as at end-December 2018 from D29.7 billion (42.7% of GDP) in the corresponding period a year ago. “Stock of Treasury and Sukuk-Al Salaam bills increased by 12.5% to D17.4 billion in 2018 from D15.5 billion in 2017,” he said. The governor was speaking yesterday at the Monetary Policy Committee of the Central bank on their recent review of the economic. On the banking sector, he lamented that according to the financial soundness indicators, the banking sector remains fundamentally sound. He added that total assets of the industry expanded by 15.3% to D43.6 billion as at end-December 2018. “The asset quality has improved significantly with the non-performing loan ratio of 3.3%, lower than 7.2% a year ago. The risk forced capital adequacy ratio stood at 32.7%, significantly above the regulated requirem...

23 journalists in the English speaking counties of West Africa have recently concluded a three-day training course on economic and financial reporting. The training was held in The Gambia and was graced by representative from Ghana, Nigeria, Liberia, Sierra Leon and The Gambia. The training was sponsored by the International Monetary Fund (IMF) and conducted by the Thomas Reuters Foundation in United Kingdom. Speaking at the closing ceremony, the minister of Information and Communication Infrastructure Ebrima Sillah said journalists have a great role to play in helping the consumers and businesses to understand the economic status of their country. “Therefore helping these journalists by exposing them with some of this new technics and fundamental will go a long way in shaping their understanding of the realities especially on consumer behavior and market Trans.” He added that we have also seen a fundament shift in West Africa from conflict to adapting democr...

  23 journalists in the English speaking counties of West Africa have on Friday concluded a three-day training course on economic and financial reporting. The training was held in The Gambia and was graced by representative from Ghana, Nigeria, Liberia, Sierra Leon and The Gambia. The training was sponsored by the International Monetary Fund (IMF) and conducted by the Thomas Reuters Foundation in United Kingdom. Speaking at the closing ceremony, the minister of Information and Communication Infrastructure Ebrima Sillah said journalists have a great role to play in helping the consumers and businesses to understand the economic status of their country. “Therefore helping these journalists by exposing them with some of this new technics and fundamental will go a long way in shaping their understanding of the realities especially on consumer behavior and market Trans.” He added that we have also seen a fundamental shift in West Africa from conflict t...