Economy

Gambia’s Central Bank account deficit lowers
Economy

Gambia’s Central Bank account deficit lowers

The deficit at the Central Bank of The Gambia has taken a nosedive, declining by 22.8 percent in less than a year since the ouster of former president, Yahya Jammeh. The Bank’s chief executive, Governor Bakary Jammeh said the account deficit at the country’s reserve bank declined from $59.9 million […]

Gambia to remove ex-leader’s face on banknotes
Economy

Gambia to remove ex-leader’s face on banknotes

Gambia’s reserve bank announced it will be printing new bank notes that will see the country’s ex-authoritarian ruler’s face taken off the West African nation’s currency. Yahya Jammeh printed his face on the Gambian dalasis in 2015 after criticizing the country’s first post-colonial leader, Sir Dawda Jawara for printing his […]

IMF forecast 3 percent growth as economy recovers
Economy

IMF forecast 3 percent growth as economy recovers

Gambia’s economy is gently taking a U-turn from its clouded prospects and taking off with an expected three percent increase after months of political turmoil threatened prospects. The economic outlook of the country appears favorable and the country is foreseen to recover from the 2016 slowdown as tourism and agriculture […]

Gambia signs $45 million loan for energy sector
Economy

Gambia signs $45 million loan for energy sector

Finance minister Amadou Sanneh has signed a US$45 million loan agreement with the International Islamic Trade Finance Corporation to support National Water and Electricity Company and Gambia National Petroleum Company. The loan, which was signed by the by Government on behalf of the two state institutions, is expected to help […]