Central Bank of The Gambia has guarantees that banking industry will not be harmed with commission’s report implementation.
In a press released Central Bank said that: “It would be recalled that the Government of The Gambia in July 2017 established the Janneh Commission to look into the financial activities of the former President Yahya A . J. J. Jammeh and his close associates”
The findings and recommendations of the Commission are contained in a nine (9) Volume report released on Friday September 13, 2019. Volume 9 of the report mandates the Central Bank of The Gambia to implement recommendations relating to the banking sector.
“The implementation of the said recommendations would not adversely affect the strong financial position of the banks. The Central Bank wishes to inform the general public that the banking sector is well capitalized and adequately profitable,”
“The Bank assures the general public and bank customers in particular that their funds are safe.
The banking sector remains safe, sound and stable. There is no cause for alarm. Customers are urged to continue their normal banking transactions as usual,”
