The Gambian economy in 2020 marginally contracted by 0.2% but better than the sub-Saharan countries which recorded an average contraction of 3%. The country experienced a 62% drop in tourism arrivals but this was offset by growth in agriculture and a boost in the construction sector, financed mainly by remittances inflows. The government stimulus package of D2.8 billion also helped to stimulate economic activities and eased the impact on growth. The economy is expected to grow by 4.9% in 2021 with some recovery in the tourism sector anticipated in the fourth quarter of this year.
The public is hereby informed that The Gambia Public Procurement Complaints Review Board, which was established under The Gambia Public Procurement Act Section 52 (1), 2014 has been reconstituted and is now operational with its Secretariat being the Office of the Director of Procurement.
Quadrangle, Banjul, 15th May 2020 – Following the announcement of a US$30 million development policy grant to The Gambia, the Minister of Finance and Economic Affairs, Honourable Mambury Njie, on behalf of the government of The Gambia, has on Friday expressed gratitude to the World Bank Board of Executive Directors for the development assistance.
In line with our commitment to ensure transparency and accountability, the Ministry of Finance and Economic Affairs hereby publishes the itemized expenditure list from the D500 million COVID-19 Health Emergency Fund. As of 1st May 2020, D160 million has been released to the Ministry of Health, which is the spending authority on all COVID-19 related matters. The Ministry of Finance will continue to publish all future allocations and expenditures periodically.