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Detailed and consistent crystal field analysis of the LiGa_5O_8:Cr^{3+} absorption spectrum is performed in the present paper by using the exchange charge model of crystal field. We calculate the crystal field parameters from the crystal structure date and diagonalize the crystal field Hamiltonian to obtain the energy level structure of Cr^{3+} ions in LiGa_5O_8. The obtained energy levels and estimated Racah parameters B and C were compared with the experimental spectroscopic data; good agreement was demonstrated.