By Adama Makasuba
Monetary policy committee of central bank of the Gambia today projected five years vigorous growth on the country’s economic medium term outlook, but urged for continues reform and encouragement of human development.
A committee comprising all commercial banks in the country but headed by central bank of Gambia released its assessment reports on every quarter of the year, and this marked the quarterly meeting for 2019, but they expected to held similar meeting next year February 27.
Speaking today at a news conference in Banjul governor of central bank of Gambia Bakery Jammeh said: what is critical to know is that for the next five years the medium term outlook for the economy will remain very robust and very good. The medium term outlook for The Gambia is good. The growth projections are extremely good. What we need to maintain is to stay focus and continue doing the reforms in order to ensure that growth is inclusive, and we also need to work on the human capital development.”
He added: “this economy is going to continue to grow robustly that is very important and at the moment we are doing assessment on 2019 but I am sure it is going to grow robustly in 2019, and in 2020 also we expect the economy to grow very robustly.”
He said the main challenge of the economic is on agriculture and tourism but that doesn’t cause serious alarm anymore adding “even in 2019 agriculture was shocked and the worst case scenario we are looking at that no tourist will come at all through the Thomas Cook case still the economic grows around 4 percent even with that pessimist scenario but we know that scenario is not the right scenario.”