In this interview with AG Radio, Mr. Sulayman Ben Suwareh remarked that President Adama Barrow’s government is characterized as a ” Government of Tapalekat,” which translates to a corrupt government. Everything this government does is merely to deceive the people. This is not a government dedicated to serving the interests of the country.
The Ministry of Finance and Economic Affairs (MoFEA) and the International Islamic Trade Finance Corporation (ITFC) entered into a US$20 million Murabaha Financing Agreement on 4th February 2025.
The financing agreement, executed on February 4, 2025, between the Ministry of Finance and Economic Affairs and the International Islamic Trade Finance Corporation (ITFC), seeks to stabilize the domestic market and alleviate the cost of essential goods for consumers, as stated by the Ministry of Trade, Industry, Regional Integration, and Employment.
Mr. Sulayman Ben Suwareh states that the government’s approach involves taking loans under the guise of stabilizing the market to alleviate the costs of essential goods. This occurrence is neither the first nor will it be the last.
Recently, the government secured a loan of US$50 million from BADEA Bank and allocated it to Jah Oil, which has generated significant controversy within the country. A loan that was meant to be distributed among several businesses ultimately ends up with Hamedou Jah alone. Mr. Suwareh remarked. The Central Bank of The Gambia also secured a loan of US$100 million, which was allocated entirely to fewer than 20 individuals, all of whom were closely associated with President Adama Barrow, including figures such as Muhammed Jah and Saul Frazer, among a few others. All these actions were taken in the name of stabilizing the market to alleviate the costs of essential goods. However, did this lead to a decrease in the prices of essential goods? Did this enhance the lives of the people?” Mr. Suwareh enquired.
