Roles and Functions of the Central Bank of The Gambia
The mandate of the Central Bank of The Gambia in accordance with the CBG Act 2005 is as follows;
- Achieve and maintain price stability;
- Promote and maintain the stability of the currency of The Gambia;
- Direct and regulate the financial, insurance, banking and currency system in the interest of the economic development of The Gambia; and
- Encourage and promote sustainable economic development and the efficient utilization of the resources of The Gambia through the effective and efficient operation of a financial system.
To Achieve and Maintain Price and Exchange Stability Underpinned by a Sound and Vibrant Financial System to Encourage and Promote Sustainable Economic development.
We are committed to effectively and efficiently carrying out the following:
- Achieving the inflation targets as agreed within the framework of the PRGF and WAMZ;
- Contributing to the development of a strong and sound financial system that will contribute effectively to the economic development of The Gambia as envisaged in the country’s Vision 2020 strategic framework;
- Ensuring efficient payments systems and maintaining the stability of and confidence in the currency;
- Strengthening internal controls in foreign currency operations and maximize the returns on the external reserves;
- Contribute to sustainable development of the Gambian economy;
- Achieve a strong reputation in The Gambia and abroad for sound financial management; and
- Becoming a founding member central bank of the West African Central Bank (WACB).