GRA Signs MOU with First Bank Gambia to Boost Transparency

The Commissioner General of the Gambia Revenue Authority (GRA), Mr. Yankuba Darboe, has applauded First Bank Gambia Limited for reactivating a Memorandum of Understanding (MOU) with the authority for the collection of government revenue.

Speaking at the signing ceremony held on Wednesday, 8 October, at the GRA Boardroom in Banjul, Mr. Darboe says the main objective of the partnership is to ensure efficiency, transparency, and easy access to revenue collection for the authority.

“We want the process to be transparent, and there can be no better way than working through the banks,” he said. “Expectations are high, and I believe First Bank will deliver as expected.”

Mr. Darboe commended the leadership of FirstBank for accepting to renew the partnership, describing it as an important step in GRA’s efforts to strengthen accountability in public finance management.

Deputy Commissioner General and Head of Domestic Taxes, Mr. Ensa Jallow, acknowledged the partnership for the pivotal role it plays in the economy. He said one of the main reasons for the MOU is to increase efficiency and digitalize revenue collection.

“We want to make sure that our system is digitalized, and working with banks will make the process more cost-effective,” he said, urging FirstBank to live up to expectations.

Managing Director and CEO of FirstBank Gambia Limited, Mr. Gbenga O. Ajibola, expressed delight at the renewed collaboration, noting that the process began several months ago with firm commitment and dedication from both sides.

He said FirstBank’s participation in revenue collection will help support government operations, adding that the bank recognizes the outstanding performance of GRA under Mr. Darboe’s leadership.

“GRA’s management is a winning team. We are proud to partner with such a dynamic institution,” Mr. Ajibola said. “FirstBank will adhere to all the terms and conditions of the MOU and ensure timely, efficient, and transparent service delivery.”

Executive Director of FirstBank Gambia, Mr. Alasana Jabby, described the event as another milestone in the bank’s relationship with GRA. He says this is the second time the two institutions are signing such an agreement, noting that the new MOU re-activates the earlier contract.

Mr. Jabby disclosed that FirstBank currently operates five branches within the Greater Banjul Area, with plans to open a branch in Brusubi soon and expand to Basse and Farafenni next year to support rural revenue collection.

He said FirstBank, founded in 1894 in Nigeria, has the capacity and experience to deliver.

“We want to replicate our reputation here in The Gambia and assure GRA that FirstBank will never disappoint,” he stated.

The ceremony was attended by senior management of both GRA and FirstBank Gambia Limited.

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 The Commissioner General of the Gambia Revenue Authority (GRA), Mr. Yankuba Darboe, has applauded First Bank Gambia Limited for reactivating…
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