The Gambian economy has undergone a major turnaround since 2017, with the introduction of sound and robust fiscal policies. The NPP believes that the economic strength of The Gambia is based on our strengths and knowledge as Gambians, our openness and collaboration with the international community and all stakeholders, including the private sector. Following the restoration of a
steady, peaceful and democratic environment, the macro-economic policy reforms undertaken with the support of key allies, such as the International Monetary Fund, the World Bank and the European Union, The Gambia registered major improvements on businesses.
This has led to continuous business activities and inflow of investment into the country. Although the credit for these achievements is collectively shared, under the leadership of H.E. President Adama Barrow, the economy has registered notable growth. There are many options and possible initiatives to employ much more prudent strategies and interventions to fast-track inclusive economic development and growth, business continuity plans and sustained citizen mobilization towards the goal of being self-reliant as a nation.
Building on Key Achievements
Over the last few years, under the leadership of the NPP flag-bearer, the country has realized numerous laudable achievements. The close working relationship established among Gambians and the external support provided to implement our National Development Plan (2018-2021) has led to a sustained and impressive economic growth, with GDP at its highest margin ever. The key sectors or programmes that have registered significant increases, and in some instances more than doubling their initial output levels, are:
Agriculture;
- Energy – Access to electricity;
- Trade, Industry and Industrial production;
- Tourism;
- Initiating and/or completion of large-scale development projects, such as the OIC Convention Centre, Five-Star Hotels, OMVG Electrification Project, etc.; and,
- Roads, Transport and Infrastructure Development.
The NPP will build on these achievements, and will certainly register greater progress based on the key development pillars and quality targets and benchmarks set to ensure a robust economy.
