Gambia – A senior development economist has accused the government of Gambia of engaging in misrepresentation of facts regarding the state of the tiny nation’s economy.
The economist said state institutions such as the Central Bank of The Gambia are failing to be bold and honest enough to give Gambians the correct status of the country’s economy.
Economic misery has in recent times overtaken Gambia as crises such as the domestic debt and inflation hit record highs. The domestic debt profile alone stands at 22 billion dalasis.
And according to the economist, “It is indeed unfortunate that the Central Bank who has the details of the debt stock chooses to mislead Gambians just because they are afraid of being removed by Yahya Jammeh. Even the domestic debt which they say stands at 22 billion could be more than that.
“The Central Bank is aware of the economic misery that has overtaken the country. The Ministry of Finance is also aware of this, yet they deliberately continue to misrepresent the facts to give the unsuspecting public the impression that things are not that bad.”
He said Gambians are in the worst in terms of economic experiences, adding that it things had never been this bad.
He added: “We are not in good terms in terms of our economy at all. The journalists and us, economists know this. In fact, I was speaking to one of the journalists and he said the CBG would not allow them to ask questions during press conferences. These journalists have questions regarding the state of the economy but they are not given the chance.”
The Gambia is one of the poorest nations in world. Its president is Yahya Jammeh came to power in 1994 through a coup. The country’s economy has since then reeled amid massive looting by Jammeh’s economic management team. Regrettably, the Yahya Jammeh administration folks have not been able to come up with measures that could bring life into various sectors such as agriculture, tourism and manufacturing.
Written By A Correspondent