Economy has improved-Gambian leader Adama Barrow

By Kebba Jeffang [caption id="attachment_43242" align="alignleft" width="600"] President Adama Barrow[/caption]

The Gambian president Adama Barrow said the country’s economy has done well in his first year administration of the West African state.

In December, last year, the Finance Minister Amadou Sanneh told deputies that the government had inherited the sum of D56 billion dalasis.

Reacting to this, the President has today described it as ‘staggering issue.’

“It’s about 120 to 125% of our GDP. That is very serious. But I think for the past one year we have worked very hard to see that we stabilize our economy. Donors like the World Bank, European Union and other institutions have helped us to stabilize our economy in the form of grant and budget support,” he said

He said his government had inherited less than one month import cover compare to now when they have four months import cover. That is very good.

“The lending rates also has gone down, borrowing has gone done. In combine, this is helping our economy because it has gone down by 12%.  Also our income has increased because the traffic at the port which has increased as well. I think we are on the right track,” Barrow said.

He said this in an interview conducted by Kebba Jeffang at State House in Banjul, on December, 24^th