Sep 14, 2020, 11:14 AM
The Gambia’s Ministry of Health has announced the registration of 29 new positive coronavirus cases, taking the total of COVID-19 cases ever confirmed in the country to 3,405.
Speaking during the Monetary Policy Committee meeting, the governor added that the stock of Treasury and Sukuk Al Salaam bills increased by 4.8% to D20.3 billion as at end-July 2020.
“The yields on the 91- day, 182-day, and 364-day Treasury bills declined from 3.98 percent, 6.87 percent, and 8.77 percent at end-July 2019 to 1.89 percent, 5.55 percent, and 8.00 percent respectively in July 2020.”
Dwelling on monetary developments, Governor Jammeh highlighted that the money supply (M2) growth slowed to 16.4% at end-June 2020 from 24.4% as at end June 2019.
Year-on-year, he said the net foreign assets of the banking system increased by 27.4% to D17.3 billion, adding that net domestic assets grew by 10.4% to D27.1 billion during the period under review.
“Reserve money growth decelerated markedly from 21.2% in March 2019 to 16.8% in the year to end-June 2020. Growth in reserve money was driven largely by the increase in the net foreign assets (NFA) of the Central Bank.”
“COVID-19 has overwhelmed us as a population; infection numbers are surging beyond our expectations and within a short period of time.
Police in Central River region are currently hunting a woman who was impersonating Vice President Touray of The Republic of The Gambia, The Point has been reliably informed.
The leader of the Gambia Moral Congress (GMC) party, Mai Ahmad Fatty has responded to government’s warning against covid-19 violation and said the warning on covid-19 violation from government is one of the most “senile and hypocritical public notice so far.”