The Gambia is the smallest country on mainland Africa, but the legacy of more than two decades of authoritarian rule has left its new democratically elected government with big challenges. The Gambia’s Finance Minister, Amadou Sanneh, began the daunting task of rebuilding its devastated economy only days after his release[Read More…]
Economy
IMF Worried Over Gambia’s Rising Debt Vulnerabilities
The International Monetary Fund (IMF) has expressed serious concerns about the Gambia’s rising debt vulnerabilities. The IMF said the country’s debt-to-GDP ratio has skyrocketed by end‑2017 to nearly 130 per cent of GDP and total debt service-to-revenue (excluding grants) is now projected to average 53 per cent over 2018–20. It[Read More…]
Finance Perm Sec: Gambia’s Economy Not Measured With Right Numbers
The Permanent Secretary at the Ministry of Finance and Economic Affairs, Lamin Camara, said Gambia has not been using the right numbers to measure the country’s economy. He said figures of 2004 have been used to calculate the GDP, giving a wrong data on the economy. “All along our GDP[Read More…]
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