Finance & Economy News
Finance & Economy News
GAMBIA: BADEA Approves $100 Million Trade Finance Facility for Gambia
The Gambia has secured $100 million in trade financing from the Arab Bank for Economic Development in Africa (BADEA), with the facility expected to support businesses importing essential goods...
Finance & Economy News
GAMBIA: Government Raises Fuel Prices Again as Global Oil Market Uncertainty Persists
Gambian consumers are facing another increase at the fuel pumps after the government raised petroleum prices for the second month running, citing higher international...
Finance & Economy News
GAMBIA: Gambia’s Remittance Inflows Surge to $265.5 Million in Second Quarter
Private remittance inflows to The Gambia rose significantly in the second quarter of 2026, reaching $265.5 million, compared with $219 million recorded during the...
Finance & Economy News
GAMBIA: Government Revenue Reaches D33.1 Billion as Audit Rating Improves, Finance Minister Tells National Assembly
The Minister of Finance and Economic Affairs, Seedy Keita, has informed the National Assembly that government revenue reached D33.1 billion in 2025, while the...
Finance & Economy News
GAMBIA: Public Institutions Owe GRA Over D1.23 Billion in Taxes, Finance Minister Tells Assembly
Minister of Finance and Economic Affairs, Seedy Keita has revealed that State Owned Enterprises (SOEs) and Local Government Councils owe the Gambia Revenue Authority...
Finance & Economy News
GAMBIA: Gov’t Settles D80M NAWEC Arrears, Disburses D1B Subsidy – Finance Minister
The Minister of Finance and Economic Affairs, Seedy Keita, has told the National Assembly that the government has paid D80 million in outstanding arrears...
Finance & Economy News
GAMBIA: The Gambia Record a Budget Deficit of GMD195.84 Million in the First Quarter of 2026
The Gambia recorded a budget deficit of GMD195.84 million in the first quarter of 2026, significantly outperforming both the approved budget target and the...
Finance & Economy News
GAMBIA: Keita: Government Paid GMD2.45 Billion in Wages During First Quarter
Minister of Finance and Economic Affairs Seedy Keita has informed the National Assembly that the government spent GMD 2.45 billion on Personnel Emoluments (PEs)...
Finance & Economy News
GAMBIA: The Gambia Revenue Authority Exceeds Q1 Target, Sets Historic Monthly Record
According to officials, the Gambia Revenue Authority (GRA) had a great start to 2026, bringing in 7.7 billion dalasis in the first quarter, which...
Finance & Economy News
GAMBIA: Power Stability in Peril as NAWEC Prepares for Worst-Case Scenario
Gallo Saidy, the managing director of the National Water and Electricity Company, warned on Tuesday that power cuts could get worse. He told Gambians...
Finance & Economy News
GAMBIA: The Power of the Diaspora: $872M Boost Transforms Gambia’s Economy
The Central Bank of The Gambia reports that private remittances to The Gambia exceeded $872 million in 2025, a 12.5 percent increase from the...
Finance & Economy News
GAMBIA: Finance Minister Discloses D12.8 Billion Revenue from Ministries and Agencies
The National Assembly was informed by the Minister of Finance and Economic Affairs that between 2021 and 2025, ministries, departments, and agencies (MDAs) earned...
Finance & Economy News
GAMBIA: 2025 Budget Spotlight: D7.23 Billion Directed Toward Subsidies and Transfers
Seedy Keita, the Minister of Finance and Economic Affairs, informed the National Assembly on Monday that, as part of a larger public expenditure that...
Finance & Economy News
GAMBIA: Mega Bank Sale: Governor Saidy’s ‘Concluded Chapter’ Sparks Fiscal Storm
The recent pronouncements by the Governor of the Central Bank of The Gambia (CBG), Buwa Saidy, regarding the sale of Mega Bank have raised...
Finance & Economy News
GAMBIA: Opacity, Contradictions, and the Mega Bank Sale. Was It in the Best Interest of The Gambia?
The recent revelations before the National Assembly’s Finance and Public Accounts Committee (FPAC) have reignited serious national concern over the controversial sale of Mega...
Finance & Economy News
GAMBIA: Gambian Diaspora Sends $872 Million Home in 2025, Accounting for More Than 30% of GDP
During the Ninth Stake in the Nation Forum (SNF9), hosted by the Migration and Sustainable Development in The Gambia (MSDG) project, the Central Bank...
Finance & Economy News
GAMBIA: Citing the Need to Safeguard Local Industry, Trade Minister Declines to Lift Cement Tariffs.
On Tuesday, the Minister of Trade, Industry, Regional Integration, and Employment, Mod K. Ceesay, stated that the government will not eliminate tariffs on imported...
Finance & Economy News
GAMBIA: Gambia Records D24.6 Billion Revenue but Overspends with D27.9 Billion in 2024 Audit
On Wednesday, the National Assembly received the Gambian government's audited financial results for 2024, which showed D27.9 billion in expenses and D24.6 billion in...
Finance & Economy News
GAMBIA: IMF Injects $38 Million into Gambia’s Economy to Foster Growth and Climate Resilience
As The Gambia reports strong economic growth and works toward fiscal reforms and climate resilience measures, the International Monetary Fund approved a transfer of...