The Gambia does produce neither rice nor oil on its
own...as such the
prices of these goods are determined by foreign
markets
The stolen 300000000000,00000 would have help QUITE A
LOOOOT
Cheers
Mbye Sey
--- Ebou Jallow <[log in to unmask]> wrote:
> Mr. Mbai,
>
> The Gambia does produce neither rice nor oil on its
> own...as such the prices of these goods are
> determined by foreign markets way beyond the reach
> of Jammeh or any other future president of Gambia.
> Naturally these endemic economic problems usually
> give the opposition latitude to make empty promises
> whilst exploiting the plight of the citizens.
> Economies are the consequence of human actions but
> not human design. It is not some sought of machine
> one can tinker with in order to make your
> constituency happy. No one on this planet can
> control an economy. The best that government can do
> is make pro-business regulations, and make very
> minimal interventions at peculiar circumstances.
>
> Ebou
>
> panderry mbai <[log in to unmask]> wrote:
> NEWSAS ECONOMIC UNCERTAINTIES GRIPPED GAMBIANS -RICE
> PRICE HAD RISEN TO D700 DALASIS
> BY STAFF WRITER
>
> ---------------------------------
>
> September 8, 2005
> Gambia - As Gambians continue to be gripped by
> economic and political uncertainties, the price of
> rice, the country's main stable food had risen to
> D700 dalasis, the ALLGAMBIAN online newspaper can
> reveal.
>
> The local business Community in the tiny West
> African country, says the hikes on the price of rice
> was due to the high cost of foreign exchange. They
> informed the ALLGAMBIAN about the difficulties, they
> usually encountered in importing rice into the
> country. They cite among other things, the acute
> foreign exchange and high Port charges to import
> rice into impoverished nation.
>
> Meanwhile, the unprecedented rice price increment
> had been greeted with mixed reaction across the
> country. While some communities blamed the business
> sector for imposing what they called such
> "exorbitant price" others accused the Jammeh
> government of being insensitive to their plight.
> They told the ALLGAMBIAN that despite numerous
> promises ! by President Jammeh to make rice
> affordable in the country, prices are going up on a
> daily bases.
>
> They warned that if the current trend continues,
> many families will die of hunger, as what's
> happening in some African countries. They told this
> news medium that Jammeh's so called "Operation No
> Compromise" which was designed to tackle inflation
> and corruption is "buried", as prices of basic
> commodities are hiking these days.
>
> While the local populace complaint about the
> exorbitant rice price, many families up country says
> they have stopped eating rice. Many told the
> ALLGAMBIAN that thanks to the coos and corn they
> harvested they are able to survive.
>
> The business Community who spoke to our reporter
> says they have little control on the current hikes
> on rice prices. They warned that prices are likely
> go up in months to come, as one of them pointed out
> that "the current economic trend is not changing for
> the better. "They told the ALLGAMBIAN that if the
> trend c! ontinues they will be unable to import rice
> into the country in the long run, pointing out that
> they cannot bring rice into The Gambia, when the
> local populace cannot afford its cost.
>
> An economic expert, who spoke to the ALLGAMBIAN
> says, there had been a dramatic decline in Gambia's
> import cover in recent times. The economist
> attributed this to what he called the depreciating
> dalasis against major international currencies. The
> economic expert also hinted that due to lack of
> investors and serious economic activities the
> country is unable to meet its basic import cover.
> Our source went further to explain that the
> country's economy is not moving and the government
> is spending more money on projects, which bring
> little or no money for the country.
>
> An insider at the Central Bank of The Gambia told
> the ALLGAMBIAN that, in an attempt to tackle the
> cash shortage hitting the country, they have
> embarked on a "vigorous" fund raising program by
> organising treasury bills tenders.! This said the
> insider, will help the regime in meeting certain
> monetary projects, which the source said are
> currently at stand still.
>
> In a separate development, gas prices have also gone
> up. Sources say there is growing discontent among
> citizens on the current state of affairs.
>
>
> Go To Top
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