The Ministry of Finance conducts a two-day (24-25 October 2022) training on performance
contracts for SOEs at Kairaba Hotel. The session brought together the SOEs on performance
contracts with the government this year (GPA, GNPC, SSHFC, and GPA) and those to be
piloted next year (NFSPMC and GIA). This is all geared towards enhancing the performances
of State-Owned Enterprises in The Gambia.
Participants were taken through the definition of the performance contract, experiences on
SOE performance, the importance of legal and regulatory framework, the importance of
investment plans and budgeting for technology and equipment, and environmental and social
management systems among other things.
To ensure effective deliberation and understanding of the modules, participants were grouped
according to their sectors to deal with assigned scenarios: reflection on their Boards, reading
of their balance sheet, reflection on their investment plan and budget process, and working on
their monitoring and evaluation (M&E) templates.