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Economy and Finance
Gambia Faces D16.2 Billion Debt Service Burden in 2027 as Interest Costs Jump by Almost a Third
Seedy Keita, Minister of Finance & Economic Affairs
By Staff Writer
The Gambia is projected to spend D16.17 billion on servicing its national debt in 2027, making debt obligations the government’s single…
Gambia Proposes D66.8 Billion Budget for 2027, a 12.5% Increase, as Debt Payments Claim Nearly…
Seedy Keita, Minister of Finance
The Gambia’s proposed 2027 national budget has risen to D66.78 billion, a 12.5 percent increase from the D59.36 billion approved for 2026, with debt servicing emerging as the single largest claim…
“Our Economic Power Has A Limit” – Minister Sillah Warns That Despite Progress,…
Ebrima Sillah, Minister of Transport, Works and Infrastructure
By Seedy Jobe
The Gambia continues to face significant development challenges despite recent gains, as limited economic resources and shortages of skilled…
GRA Chief Calls for Stronger Regional Cooperation to Protect Africa’s Tax Base
Yankuba Darboe, Commissioner General of the Gambia Revenue Authority
By Makutu Manneh
Yankuba Darboe, commissioner general of the Gambia Revenue Authority, has called for deeper cooperation among African tax…
Women’s Enterprise Fund Has D23.8 Million in Outstanding Loans, Minister Says
Fatou Kinteh, The Minister of Gender, Children & Social Welfare
By Fatou Sillah
The Women’s Enterprise Fund has D23.84 million in outstanding loans from financing provided to beneficiaries since 2021, according to Fatou…
Gambia Secures $100 Million BADEA Trade Finance Facility
Seedy Keita, Finance Minister
By Fatou Sillah
The Gambian government has secured a $100 million trade finance facility from the Arab Bank for Economic Development in Africa, or BADEA, aimed at helping businesses finance imports…
Speaker Jatta Says Consumers Must Play a Role in Curbing High Prices
Fabakary Tombong Jatta, Speaker of the National Assembly
By Fatou Sillah
The Speaker of the National Assembly, Fabakary Tombong Jatta, said consumers must take greater responsibility for pushing back against high prices,…
Fuel Prices Rise for Second Straight Month as Global Market Pressures Persist
Nani Juwara, Ministry of Petroleum, Energy, and Mines
By Makutu Manneh
The Gambia has raised fuel prices for the second consecutive month, with the government attributing the latest increase to rising global oil prices and…
High Domestic Debt & Credit To The Private Sector
Dr. Ousman Gajigo, Economist formerly with ADB and Leader PPA
Dr. Ousman Gajigo
Last week, the Monetary Policy Committee (MPC) of the Central Bank issued a press release. The headline item was the ballooning…
Central Bank Holds Policy Rate at 14% as Gambian Economy Shows Resilience
Buah Saidy, Governor of the Central Bank
By Makutu Manneh
The Central Bank of The Gambia has kept its benchmark interest rate unchanged at 14 percent, as policymakers balance relatively strong domestic economic growth against…