Finance & Economy News
Finance & Economy News
GAMBIA: D72m Cut Proposed for National Audit Office as FPAC Reshuffles Government Spending
The National Assembly’s Finance and Public Accounts Committee (FPAC) has proposed cutting more than D72 million from the National Audit Office’s proposed 2027 budget, reducing its allocation from D542.6...
Finance & Economy News
GAMBIA: Lawmakers Cut D61.9m From IEC’s 2027 Budget Ahead of Three Elections
The National Assembly has approved a D61.9 million cut to the Independent Electoral Commission’s (IEC) proposed 2027 budget, reducing its allocation from D669.7 million...
Finance & Economy News
GAMBIA: IEC Faces D61.9m Budget Cut Under FPAC Recommendations
The National Assembly’s Finance and Public Accounts Committee (FPAC) has recommended a D61.9 million reduction in the Independent Electoral Commission’s (IEC) proposed 2027 budget,...
Finance & Economy News
GAMBIA: Gambia Projects D41.05 Billion in Government Expenditure for 2027
The Gambia’s government-funded expenditure is projected to reach D41.05 billion in 2027, representing a 12.5 per cent increase on the 2026 budget, according to...
Finance & Economy News
GAMBIA: Gambia Targets D37.39 Billion in Revenue as Tax Collections Set to Rise 16%
The government of The Gambia expects revenue to increase by 16.1 percent from D32.20 billion approved for 2026 to D37.39 billion in 2027. Most...
Finance & Economy News
GAMBIA: Barrow Keeps D3.06m Salary as Chief Justice Gets 27% Pay Rise
President Adama Barrow’s annual base salary is set to remain at D3.06 million in 2027, while the Chief Justice’s base pay is projected to...
Finance & Economy News
GAMBIA: D16.17 Billion Debt Bill Puts Pressure on Gambia’s 2027 Budget
The Gambia’s debt payments are expected to rise to D16.17 billion in 2027, up from D13.46 billion in the 2026 budget. That is an...
Finance & Economy News
GAMBIA: Gambia’s 2027 Budget Hits D66.78 Billion as Debt Servicing Takes D16.17 Billion
The Gambia plans to spend D66.78 billion in 2027 up from D59.36 billion this year. But a lot of the money will go on...
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...
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...