About The Department

The Finance department within the Gambia Maritime Administration plays a crucial role in managing the financial resources of the organization effectively and efficiently. Its primary responsibilities include budgeting, financial planning, accounting, financial reporting, procurement, and ensuring compliance with financial regulations and policies. Additionally, the Finance department conducts financial analysis, risk management, and provides financial advice and support to other departments within the Administration.

The main objective of the department is to ensure the availability of adequate funds for the smooth operation of GMA. The department implements robust financial controls to safeguard assets and prevent financial mismanagement or fraud. The Finance Department has a responsibility to enhance financial transparency and accountability through accurate and timely financial reporting.

The efficient allocation of resources towards the realization of the Administration’s objectives is another major preoccupation of the Finance Department through adequate budgeting and financial planning. This is achieved through financial control internally and compliance with regulations and policies.

Financial Reporting and Analysis: By preparing accurate and timely financial reports and conducting financial analysis, the Finance department provides valuable insights into the Administration's financial performance, enabling informed decision-making by management and stakeholders. The department advises management on financial matters and provides strategic financial management.

• Strategic Financial Management: By advising senior management on financial matters and supporting strategic planning initiatives, the Finance department helps the Administration achieve its long-term financial goals and objectives; and
• Risk Management: The Finance department identifies, assesses, and manages financial risks, such as liquidity risk, credit risk, and market risk, thereby protecting the Administration from potential adverse events that could impact its financial sustainability.

Overall, the Finance department plays a critical role in promoting financial stability, transparency, and accountability within the Gambia Maritime Administration, thereby contributing to its overall success and sustainability.