Central Bank of The Gambia

Central Bankingcbg.gm

The Central Bank of The Gambia is the nation's statutory monetary authority, issuing the Dalasi, operating national payment infrastructure (RTGS, ACH, GamSwitch), supervising banks, microfinance, insurance, and forex sectors, and conducting monetary policy under the Central Bank Act 2018.

Company typePrivate
Founded1971
HeadquartersBanjul, Gambia
Headcount11–50
GTM typeB2B
OfferingServices

What Central Bank of The Gambia does

The Central Bank of The Gambia (CBG) is the statutory monetary authority of The Gambia, established in 1971 when it assumed the assets and liabilities of the Gambia Currency Board and decimalized the Dalasi. Headquartered in Banjul at 1-2 Ecowas Avenue, CBG operates under the Central Bank Act 2018 with an exclusive mandate to maintain price and exchange rate stability, ensure a sound financial system, and promote sustainable economic development. It issues and manages the national currency (Dalasi banknotes and coins) and oversees all banking, microfinance, insurance, and foreign exchange activity in the country.

CBG's core operational infrastructure consists of national payment and settlement systems — Real Time Gross Settlements (RTGS), the Security Settlement System (SSS), Automated Cheque Processing/Automated Clearing House (ACP/ACH), and the GamSwitch national payment switch connecting ATMs and point-of-sale terminals. It also operates the WAMZ cross-border payment system for the West African Monetary Zone. Monetary policy tools include a Monetary Policy Committee (with the policy rate at 14% as of February 2026), Open Market Operations through Treasury Bills, Government Bonds, and Central Bank Bills, plus overnight standing lending and deposit facilities. The bank maintains a CBG Data Warehouse publishing macroeconomic statistics under Sections 74 and 75 of the Act.

CBG serves all licensed commercial banks, microfinance institutions, insurance companies, forex bureaus, financial market participants, and the general public. It earns revenue primarily through supervisory and licensing fees for banking, microfinance, insurance, and forex bureau participants, payment system participant fees (RTGS, ACH, SSS), and returns from reserve management and open market operations. While CBG does not disclose revenue in a commercial format, its fee schedules are published quarterly. The bank collaborates internationally with the World Bank, the West African Monetary Institute (WAMI), the Committee of African Banking Supervisors (CABS), and academic and trade-finance partners including Bahçeşehir University of Cyprus and Ghana International Bank.

Central Bank of The Gambia firmographics

Firmographics

Name: Central Bank of The Gambia
Legal name: Central Bank of The Gambia
Website: https://cbg.gm
Company type: Private
Founded year: 1971
Operating status: Operating
Headcount range: 11–50 employees
Short description: The Central Bank of The Gambia is the nation's statutory monetary authority, issuing the Dalasi, operating national payment infrastructure (RTGS, ACH, GamSwitch), supervising banks, microfinance, insurance, and forex sectors, and conducting monetary policy under the Central Bank Act 2018.
Ownership category
akta.pro rank

Central Bank of The Gambia industry classification

Industry

Product category: Central Banking
NAICS: Monetary Authorities-Central Bank (521110), Monetary Authorities-Central Bank (52111), Public Finance Activities (921130)
SIC: Finance Services (6199), Functions Related To Depository Banking, Nec (6099)
akta.pro primary industry: Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE)
akta.pro secondary industries: Government Bonds & Sovereigns Trading (FSACAEAA), Treasury & Cash Management (BPAIAEAB), Treasury & Liquidity Operations (Cash Positioning, Funding, Collateral Ops) (FSABALAH)

Keywords

Central banking services
Monetary policy management
Payment systems infrastructure
Financial sector supervision
Currency issuance

Where Central Bank of The Gambia is headquartered

Location

Headquarters

HQ city: Banjul
HQ country: Gambia

Offices1 record

Markets served

Central Bank of The Gambia business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Others

Pricing tiers

Model	Billing	Price
Other	Quarterly	Banking supervision fees
Other	Quarterly	Microfinance institution fees
Other	Quarterly	Payment system participant fees

Distribution channels6 records

Marketing channels7 records

Central Bank of The Gambia product offering

Product offering

Core offering

The Central Bank of The Gambia issues and manages the Gambian Dalasi currency, sets and implements monetary policy, and supervises banks, microfinance institutions, insurance companies, and forex bureaus. It operates national payment and settlement infrastructure (RTGS, SSS, ACH, GamSwitch, WAMZ), conducts open market operations through Treasury Bills, Government Bonds, and Central Bank Bills, and publishes macroeconomic statistics through the CBG Data Warehouse.

Product overview

The Central Bank of The Gambia operates as the nation's monetary authority offering a unified platform of financial infrastructure services rather than a traditional software product. Its core offerings include Real Time Gross Settlements (RTGS), Security Settlement System (SSS), Automated Cheque Processing/Automated Clearing House (ACP/ACH), GamSwitch (national payment switch), and Foreign Exchange services. The bank's financial market products encompass Treasury Bills, Government Bonds, and Central Bank Bills through Open Market Operations, alongside Standing Facilities for overnight lending and deposits. Supporting services include Banking Supervision, Insurance Supervision, Microfinance Services, Forex Bureau oversight, Collateral Registry, Currency issuance, and the CBG Data Warehouse for macroeconomic statistics. The bank also operates a CBG Job Portal for recruitment.

Differentiator

Problem solved

Functional benefit

Products and services

Real Time Gross Settlements (RTGS)
Security Settlement System (SSS)
Automated Cheque Processing / Automated Clearing House (ACP/ACH)
GamSwitch
WAMZ Payment System
Banking Supervision Services
Insurance Supervision Services
Microfinance Supervision Services
Forex Bureau Supervision Services
Treasury Bills and Sukuk-Al-Salaam (SAS)
Government Bonds
Central Bank Bills
Standing Facilities (Lending and Deposit)
Foreign Exchange Services
Collateral Registry
Currency (Dalasi Notes and Coins)
CBG Data Warehouse

Quantifiable outcome

Monetary Policy Rate at 14% to combat inflation
+2 more outcomes

Companies that use Central Bank of The Gambia

Customer profile

Segments6 records

Ideal customer profiles5 records

Central Bank of The Gambia technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature7 records

Central Bank of The Gambia partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered moderate, minor and core.

Bahçeşehir University of CyprusmoderateStrategic or Co-development Partner · 23 February 2026MOU signed between CBG and Bahçeşehir University aimed at strengthening cooperation in human capital development, academic exchange, and research collaboration. The Governor and First Deputy Governor visited the university accompanied by the Director of HR and Dr. Foday Joof of the Research Department.
Ghana International Bank (GHIB)moderateStrategic or Co-development Partner · 9 February 2026CBG collaborated with GHIB to host the GHIB AfritradeX Forum, an International Trade Finance Conference held under the theme 'Reimagining International Trade Finance for Africa's Economic Future.' The conference brought together experts from across Africa, Europe, and the United States.
Edward Francis Small Teaching Hospital (EFSTH)minorStrategic or Co-development Partner · 25 September 2023Agreement signed for refurbishment and improvement of the private block of the hospital. As the only referral hospital in the country, EFSTH had been without a private wing for at least four years.
Gambia Armed ForcesminorStrategic or Co-development Partner · 22 September 2023Agreement signed to improve and support the working and living conditions of the men and women in uniform.
West African Monetary Institute (WAMI)coreStrategic or Co-development PartnerCBG participates in WAMI initiatives including database construction and capacity building projects for effective liquidity forecasting, cash forecasting, and debt management across the West African Monetary Zone.
Committee of African Banking Supervisors (CABS)moderateStrategic or Co-development PartnerCBG hosted the CABS meeting in Banjul from April 6-7, 2023, at the Sir Dawda Kairaba Jawara International Conference Center. Delegates came from about 41 countries across Africa.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Central Bank of The Gambia competitors and assessment

Company assessment

Direct peers

Bank of Ghana: Central bank of Ghana and fellow WAMZ member. Operates the same core stack — RTGS, ACH, mobile money supervision, government securities auctions, and banking/insurance/microfinance supervision — in a similar-sized West African economy, making it the closest functional peer.
Bank of Sierra Leone: WAMZ counterpart central bank with overlapping mandate in monetary policy, RTGS-style payment systems, and multi-sectoral supervision (banking, insurance, microfinance). Comparable scale and West African operational context.
Central Bank of Liberia: Small West African central bank with analogous mandate across currency issuance, RTGS/payment systems, and supervision of banking, microfinance, and insurance — a comparable institutional peer.
Banque de la République de Guinée: Francophone West African central bank with parallel mandate in monetary policy, RTGS/ACH payment infrastructure, currency issuance, and multi-sectoral financial supervision.

Broad incumbents

Banque Centrale des États de l'Afrique de l'Ouest (BCEAO): Central bank for the WAEMU bloc. While not a WAMZ member, it is CBG's primary West African counterpart for cross-border monetary cooperation, payment system interoperability, and regional supervision frameworks.
Central Bank of Nigeria: Largest central bank in West Africa, operating RTGS, mobile money/mobile payments oversight, and full multi-sectoral supervision. Functions as a broad incumbent reference point for the region's regulatory architecture.
South African Reserve Bank: Africa's most developed central bank with sophisticated RTGS, SSS, payments oversight (including card exchange), and a mature data warehouse — a strategic benchmark for CBG's modernization trajectory.
Bank of England: Historic central banking reference with RTGS (CHAPS), securities settlement, and supervisory functions. Historically influential on Commonwealth central banks including The Gambia's institutional design.

Others

West African Monetary Institute (WAMI): WAMZ coordinating body with which CBG partners on database construction, capacity building, and cross-border payment harmonization — a strategic counterpart rather than a competitor.
Bank of England / SWIFT (Payments Adjacency): Adjacent payment-infrastructure ecosystem participant; SWIFT and similar network operators provide the cross-border messaging rails that CBG's WAMZ payment system integrates with for international transactions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Central Bank of The Gambia financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Central Bank of The Gambia leadership team

Management profile

Number of profiles

Profiles3 records

Central Bank of The Gambia funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Central Bank of The Gambia M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central Bank of The Gambia

What does Central Bank of The Gambia do?

Is Central Bank of The Gambia a public or private company?

Central Bank of The Gambia is a private company. It is classified as state government owned and is currently operating.

When was Central Bank of The Gambia founded?

Central Bank of The Gambia was founded in 1971. It employs 11 to 50 people.

Where is Central Bank of The Gambia based?

Central Bank of The Gambia is headquartered in Banjul, Gambia.

Who are Central Bank of The Gambia's main competitors?

Direct peers on record are Bank of Ghana, Bank of Sierra Leone, Central Bank of Liberia and Banque de la République de Guinée. Broad incumbents are Banque Centrale des États de l'Afrique de l'Ouest (BCEAO), Central Bank of Nigeria, South African Reserve Bank and Bank of England. Others are West African Monetary Institute (WAMI) and Bank of England / SWIFT (Payments Adjacency).

Does Central Bank of The Gambia have an API?

No public API is recorded for Central Bank of The Gambia.

What industry is Central Bank of The Gambia in?

Central Bank of The Gambia's product category is Central Banking. Its primary akta.pro industry code is FSABAIAE, Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration), with a secondary code of FSACAEAA, Government Bonds & Sovereigns Trading. Its NAICS code is 521110 and its SIC code is 6199.