An Examination and Analysis of Bank Corporate Governance Regulation in The Gambia: A Grounded Theory Approach



It is straightforward to see why there is an absence of literature on corporate governance in the Gambia. The Gambia is a small under-developed African economy with a GDP of $807.1 million, a population of 1.9 million (World Bank 2014), and a workforce of over half a million. Only 5 % of people are employed in organisations of more than 50 employees. Fifty-five percent of these organisations are found in two industries: (1) finance and insurance and (2) electricity and gas. These two industries, however, have an overall workforce of a mere 2500 employees (GBoS 2012). ‘Most of the smaller private sector companies [are] operating in the informal sector’ (Nshimyumuremy and Workie 2015). In the Gambia the corporate sector is small and no stock exchange currently exists. Indeed, one might wonder whether anything meaningful can be learnt from studying corporate governance in the Gambia. For those living in the country, a case can be made. But can a case be made to help understand corporate governance in general and Africa in particular? Can this study benefit those living in Africa? In this chapter, I put forward an argument that responds to the question with an affirmative.


Corporate Governance Banking System Banking Sector Categorical Imperative Islamic Bank 
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Authors and Affiliations

  1. 1.Buckinghamshire Business SchoolBuckinghamshire New UniversityHigh WycombeUK

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