An influential member of the business community, Momodou M. Jagana, has said the dollar shortage that hit the country lately will have a toll on everyone as he called for a frank talk over the development and germane matters. The J-Fin Money Transfer country boss told JollofNews on Wednesday that[Read More…]
Tag: Economy
Import Trade Paralysed As Dollar Shortage Worsens
The dollar shortage that reared its ugly head recently has worsened, JollofNews can report. It’s having knock-on effects on import businesses as businessmen reliant on import trade using dollar are struggling to access the legal tender. While some blame the government and ‘unscrupulous’ businessmen for what, they called, an[Read More…]
Gambia Gets Additional US$6 Million IMF Loan To Meet Financing Needs
The Executive Board of the International Monetary Fund (IMF) Friday completed the fourth review under the Extended Credit Facility (ECF) arrangement for The Gambia. The completion of the review enables an immediate disbursement of SDR 5 million, about US$ 6.72 million, to help meet the country’s balance-of-payments and fiscal financing[Read More…]
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