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Economy and Finance
Clarification on the new domestic excise tax rates on alcoholic beverages
The Ministry of Finance and Economic Affairs wishes to inform the public that contrary to widespread allegations and confusion surrounding the new excise rates on alcoholic beverages, the tax is in fact, part of the 2019 Budget…
‘Economic dev. must show real impact on the people’s life’
State House, 13th May 2019 – His Excellency, President Adama Barrow told a high ranking delegation from the International Monetary Fund (IMF) that economic development is meaningless without real impact on the lives of ordinary people. He…
Vehicle policy is being reviewed, claims finance minister
Government is currently reviewing its policy that was intended to reduce its fleet of vehicles enabling them to save up to D300 million a year, said finance minister Mambury Njie.
The “vehicle policy” as it is being called has been…
Gambian army defends its multi-million dollar agric project
Gambia National Army said its agricultural project will help the Government save up to D48 million. Gambian authorities spend D48 million on purchase of rice every year for the army.
The spokesperson of the Gambian army, Major Lamin…
Gov’t engages Banjul Breweries over “exorbitant” tax hikes
The information minister, Ebrima Sillah, has told journalists that Banjul Breweries, a local beverage company that is threatening to close down operations due to government tax hikes, will continue business.
Gambian authorities imposed a…
Tourism Minister berates unnecessary checks, fraud at airport
Hamat Bah is known for speaking his mind, often causing controversy.
Controversial tourism minister Hamat Bah has criticized the unnecessary security checks and fraudulent activities happening at the country’s only airport.
Bah said…
President Barrow chairs first Economic Council Meeting
President Adama Barrow on Tuesday, May 07, 2019, presided over the maiden meeting of the National Economic Council at the State House.
The meeting availed the opportunity for the different government players in the economy to give a…
Fertiliser scandal: Justice Ministry recommends prosecution of 3 people
The Ministry of Justice has recommended the prosecution of three people in connection to the infamous fertilizer scandal which engulfed the agriculture ministry about a year ago.
Thousands of bags of obsolete fertiliser in the custody of…
“Excessive taxation will hurt the economy”
Former president of the Gambia Chamber of Commerce, Muhammed Jagana, has warned Gambian authorities to review the country's tax regime in order to avoid taxing start-ups out of business. In an exclusive interview with Kerr Fatou on…
EJ Investments clarifies ownership over land GT Board claims is within TDA
Ebrima Jeng, the proprietor of the EJ Investments, said his company has made D200 million worth of investment on its properties around the coastal area.
On Thursday, a property developer EJ Investments has told journalists that their…