 |
|
| Author |
 Topic  |
|
|
Momodou
Denmark
11735 Posts |
 Posted - 07 Sep 2007 : 19:59:58
|
Foroyaa Editorial:
Where is the Gambian Economy Heading to?
If a woman takes 25 dalasis to the market she will be able to buy 1 medium size cabbage or 2 garden eggs or two cups of palm oil or 8 cups of rice. This is why many families survive on rice pudding which is the surest way to get diabetes because of the lack of insulin and balanced diet.
Those who want a kilo of meat have to produce 100 dalasis per kilo for steak and 80 dalasis per kilo for meat and bone.
Those who have children abroad were among those whose family incomes were subsidised by the depreciation of the dalasi against major currencies. Now there is almost a daily appreciation of the dalasi against the major currencies.
What no one can comprehend is the rise in the cost of living in the face of appreciating dalasis.
The suspicion is that the dalasi is not appreciating because of the strengthening of productivity but there is fear by the importers that prices may be forced down as the Ramadan draws near and are therefore hastening to sell their goods while withholding imports. This has resulted in foreign exchange glut thus compelling those who maintain a parallel foreign exchange market to dump the monies they hoarded to the banks, which reduces exchange rates on a frequent basis.
If these fears are accurate Gambians are heading towards high prices, low earnings and scarcity of goods.
The Secretary of State for Finance and Economic Affairs should conduct investigation and come up with strategies to avert a rough Ramadan for poor Gambians.
The greatest cause of ill health in The Gambia is poor nutrition. People just cannot afford food of nutritious value in sufficient quantity. If the APRC regime addresses this problem The Gambia will spend less on drugs whose prices are also skyrocketing.
Source: Foroyaa Newspaper Burning Issue
Issue No. 102/2007, 31 Aug-2 Sept, 2007
|
A clear conscience fears no accusation - proverb from Sierra Leone |
|
|
Karamba
United Kingdom
3820 Posts |
Posted - 10 Sep 2007 : 00:39:52
|
Momodou,
It was this same position I held in my earlier observation of the situation at hand. Gambians must now muster courage to face bare facts. It does not take the force of gun power to spin a complex establishment such as our nation's economy. If Gambians abroad ever thought the damaging long hands of a corrupt president would not reach them in far away Europe or elsewhere, this is the time to reconsider if they are safe at all. A president who is playful with everything will spare not even the national economy as play toy. Perhaps Gambians deserve this; who disagrees? |
Karamba |
Edited by - Karamba on 10 Sep 2007 00:42:05 |
 |
|
|
toubab1020
12312 Posts |
Posted - 10 Sep 2007 : 12:32:49
|
I have always been given to understand that when big amounts of money are given to countries to improve their economies that there are conditions attached  which normally involve the general population living in the recipient countries to suffer financial hardship until that economy is sorted out,as you all know I am not an economist or financial expert  ,but that's what I have been told,it is very sensible to attach conditions to a loan or grant,otherwise who knows what unnecessary luxury goods may be bought by the recipient administration.  |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
|
Edited by - toubab1020 on 10 Sep 2007 12:34:31 |
|
|
| |
Topic |
|
|
|
| Bantaba in Cyberspace |
© 2005-2024 Nijii |
|
|
|
Topic Locked
