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Gambia News : Sudden price hike hits Gambians
The sudden hike in the prices of basic commodities and the attendant economic problems have hit Gambians hard, PANA reported from here Wednesday, quoting sources in Banjul, the capital.
The Gambian government recently raised the pump price for fuel and diesel.
This, coupled with other factors such as acute shortage of foreign currencies like the American dollar, is said to have pushed up the prices of goods and services in the poor West African nation.
Companies and hotels are also said to have been embarking on a sacking spree of employees due largely to the poor performance of tourism industry.
'There is no doubt that the combination of high prices and redundancies could only lead to growth in poverty within the society,' Gambia's leading opposition mouthpiece, 'Foroyaa' newspaper, said in its latest edition.
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- Economic problems abroad relates to lower tourist inflows, remmitances, demand for goods & services, lower foreign exchange inflows & demand for the dalasi, which results to currency depreciation & eventually inflation. Efficient markets are crucial.
(Posted on September 19, 2010, 12:42 PM soundboy)
- he dummy Sambou why don,t you go and work for freaking Jammeh since you have an answer to all stupid things that is going on The Gambia I grantee you will be the first they will do away with because of you dumbness
(Posted on July 20, 2010, 9:52 PM nino)
- this have nothing to do with the economic problems that is hiting the world very hard. not only the gambia.but as ramadan is approaching some business community have no sympathy to the poor. they only after there profit nothing mor than that.
(Posted on July 10, 2010, 8:15 AM A.A.SAMBOU)
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