Tag Archives: central bank of Gambia

CENTRAL BANK SHOULD ACT IMMEDIATELY

Before January 2011 there were fourteen banks operating in the country, with less than 25% of a bankable population. When the capital requirement was augmented on grounds: that banks are better equipped to withstand period of economic and financial stress and therefore support economic growth; help maintain market confidence in the solvency of the banking system; and impose market discipline and provide a large cushion to protect taxpayers from the quagmire of a bailout process, unexpected capital flight gripped Oceanic bank. read more

Posted in African News, Gambia News | Tagged , , , , , | Leave a comment