Following negotiations between the government and the Gambia Bakers’ Union, the Ministry of Trade, Industry, Regional Integration, and Employment has declared that the projected bread price increase from D10 to D13 has been halted.
The Ministry acknowledged in a statement that more discussions are scheduled in order to come to an agreement on the issue.
The Ministry of Trade, Industry, Regional Integration, and Employment would like to draw attention to the Gambia Bakers’ Union’s recent declaration that the price of a loaf of bread will increase from D10 to D13 on Monday, February 17, 2024. Both parties have agreed to continue working with the Government on the topic after the Ministry contacted the Union about it. Therefore, pending additional discussions and agreement with the government, the anticipated price increase for bread has been placed on hold,” the statement said.
The Ministry noted that in order to address industry issues and keep bread prices at D10, the government has been collaborating closely with bakers since 2019.
Therefore, the public and those involved in the bread sector are notified that additional talks between the government and the National Baker’s Union will be held to examine their suggestion for a potential resolution. To guarantee a just conclusion, the Ministry is still dedicated and will collaborate closely with the Union. The results of these discussions will be adequately communicated to the public in due time. The Ministry will collaborate closely with the Union to achieve a fair solution that benefits bread producers and consumers alike, and it values the patience and collaboration of all parties involved in the sector,” the Ministry continued.
