Bankers celebrate 3rd Annual Day

Wednesday, July 18, 2018

The Gambia Bankers Associations over the weekend celebrated their 3rd annual Bankers Day at Kairaba Beach Hotel.

The celebration is marked to highlight achievements and challenges within the country’s banking industry.

 President of the Association and Managing Director of Arab Gambian Islamic Bank said the association was formed in 2002 through the collective efforts of the previous MD’s to build confidence of banking through its customers.

He said they decided to partner with the Chartered Institute of Bankers to build the capacity of the staff for quality education in the financial sector.

According to him, the Association has become a critical part of Gambia’s banking industry with the aim to serve the interest of its customers. He said banking is a profession that needs professionals with quality education and the right people needed to be trained.

He held that compliance is the number one rule in the banking industry, saying, “we are working towards this development and that is why we brought together all the key bankers to interact and share experiences.”

Permanent Secretary Ministry of Finance and Economic Affairs Mod Ceesay said the National Development Plan (NDP) 2018-2022 budget committed resource fund stands at 2.4 billion dollars of which the total cost of the flagship priority after committed resources is 1.6 billion dollars and government contribution plan is 157 million dollars while the private sector investment is 147 million dollars.

“Most of the private sector investments and financing are expected to be sourced through public private partnerships and other innovative financing.”

Mr. Ceesay called on the banking community to step forward and partner with the government to properly fund the national development plan to deliver “The Gambia we all aspire for.” 

Author: Fatou Cham