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Gambia plans to fix the economic mess
Gambian authorities are now focusing on strengthening the economy, following the political turmoil that rocked the country in January.
Tue, 07 Feb 2017 11:16:06 GMT
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AI Generated Summary
- The importance of good governance and creating a level playing field for economic operators in the Gambia.
- Addressing the challenge of domestic debt and fostering fiscal discipline to restore confidence in the economy.
- Strategies to partner with the private sector, focus on key sectors like tourism and agriculture, and pursue quick wins in energy and access to finance.
Gambia authorities are now focusing on strengthening the economy following the political turmoil that rocked the country in January this year. The government will have to tackle a wide fiscal deficit and a host of other development challenges if it is to return to the path of growth. Alieu Secka, Former CEO of the Gambia Chamber of Commerce and Industry, sheds light on the country's economic prospects. In an exclusive interview with CNBC Africa, Secka discussed key areas of concern and the government's plan for economic recovery. The Gambia faces challenges such as domestic debt, reliance on key sectors like tourism and agriculture, and the need for stronger partnerships with the private sector. However, there is optimism that with the right policies and initiatives in place, the country can overcome these obstacles and pave the way for sustainable growth. Secka highlighted the importance of good governance, leveling the playing field for economic operators, and fostering collaboration between the private sector and government. The government's focus on sectors like energy, access to finance, and existing industries like tourism and agriculture could lead to quick wins and create a positive impact on the lives of Gambians. By consolidating on existing investments and structures in key sectors, Gambia aims to enhance its economic resilience and diversification efforts. With a renewed sense of commitment and cooperation between the public and private sectors, Gambia is poised to navigate its economic challenges and chart a course towards prosperity.