AGP Executive Report
Last update: 9 hours agoMonetary Policy Watch: The Central Bank of The Gambia kept the Monetary Policy Rate at 14% as inflation pressures return—headline inflation hit 7% in April—and global risks linger. Inflation & Costs: The Bank pointed to higher food, transport and energy prices, while noting the economy is still supported by tourism, construction, trade and financial services. External Balance: The current account deficit widened to US$20.83m in Q1 2026, driven by imports of fuel, cereal, vehicles and printing materials, but remittances rose 17.2% to US$246.08m and the dalasi stayed broadly stable. Banking & Digital Finance: Deposits grew 20% to D84.2bn, and mobile money/digital finance kept expanding—key for inclusion as pressures build. Travel & Tourism: TUI announced new direct winter flights from Birmingham to Banjul from Nov 2, joining existing UK routes. Regional Mobility: Togo moved to visa-free entry for all African passport holders for up to 30 days (with a pre-arrival travel declaration).
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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