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Published 09/03/2010 - 8:15 a.m. CST

Lailat-ul-Qadr

Forwarded by Lamin Bojang, Atlanta

"In life its not what you do not have but who you have that counts most"

The most unluckiest person in the world..
is the one who did not make it to forgive all his past sins in month of Ramadhaan.

How many people are laying in their Grave, who thought they can make it to Ramadhaan this year. They never made it !!

The Prophet (SAW) said: "Whosoever reaches the month of Ramadhaan and does not have his sins forgiven, and so enters the Fire, then may ALLAH distance him."[Ahmad (2/246) and Bayhaqi (4/204)]


Published 09/02/2010 - 5:50 a.m. CST

Contribution of Tourism to 2020 Revealed

By Lamin Jahateh, Banjul

The Gambia Tourism Development Master Plan Volume 1, prepared by the Department of State for Tourism and Culture with the financial backing of the African Development Bank, has revealed that tourism has the ability to contribute to GDP, foreign exchange, employment and government revenues in 2010. The estimates are based on a projected doubling in tourist arrivals and more modest increases in average expenditure and average length of stay.

“The contribution of tourism to GDP will depend on the rate at which the economy grows, the rate at which gross revenue from tourism increases and the proportion of the revenue that remains within The Gambia,” Volume 1 of the Master Plan observes.


 
Published 08/31/2010 - 1:48 p.m. CST

IMF Executive Board Concludes 2010 Article IV Consultation with The Gambia

IMF

Background

Despite challenging global, and by extension domestic, conditions, the Gambian economy has performed well in recent years. Real Gross Domestic Product (GDP) grew by an average of 6.0 percent a year during 2007-09, up from an average of 3.6 percent during 2004–06. Even during the global economic crisis in 2009, real GDP growth was strong at 5.6 percent led by a continued rebound in agricultural production, which helped cushion the impact of sharp drops in tourism and remittances from Gambians working abroad. Throughout this period, inflation was held to low single-digit rates, as the Central Bank of The Gambia (CBG) generally exercised monetary restraint. In 2009, inflation fell to 2.8 percent. Inflation edged up marginally in early 2010

 
Published 08/31/2010 - 12:26 p.m. CST

new picture
Interbank Foreign Exchange Rates

GAMBIA MONEY MARKET: Dalasi/Foreign Exchange Rates
 
Published 08/31/2010 - 12:22 p.m. CST

Farmers Prexy calls for reduction in interest rates to farmers

Says banks should support agriculture

Lamin Jahateh, Banjul

The president of National Farmers Platform (NFP), Mr. Musa Jawneh has called on banks in the country to be supporting agriculture byproviding small and large-scale financing for the farmers at reduce interest rate, as the current interest rate in the country is too high for the farmers.

 
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