Excise Revenues Soar in The Gambia Thanks to Tax Stamps

Between January and August this year, Gambia Revenue Authority (GRA) collected GMD 48,470,427.78 ($702,000) in excise duties, compared to just GMD 6,312,608.78 ($91,000) the previous year. This significant increase represents more than 800% of the country’s total excise revenue mobilisation.

The soaring revenues are in large part due to the launch of a new tax stamp and traceability system on excisable goods, which was fully implemented in March 2024.

The system is the result of a public- private partnership (PPP) between the Ministry of Finance and Economic Affairs and SICPA, with GRA as the implementing agency. The partnership covers the provision of a secure marking and traceability platform for tobacco products, bottled water, soft drinks, beer, wine, spirits, and flour.