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'Prices of basic food items have risen in Gambia'
Thursday, 10 February 2011 01:55
PANA - Prices of basic commodities such as rice, cooking oil and sugar have risen astronomically in Gambia, with
the people blaming the hike on, among other things, the rise in value of foreign currencies, according to a survey conducted by PANA here. Consumers and retailers are also putting the blame on the lack of appropriate measures to curb inflation.'It’s difficult to live in The Gambia these days with prices of basic commodities going higher and higher,' a housewife, Fatoumatta Jallow, lamented.
'Most of the time, the estimated money given to us is always not enough, not because we are not given enough, but because prices keep rising and if one is not lucky to have a husband that understands the nature of the market, you may always be at loggerheads,' she explained.
“Every new day that we find ourselves in the market, we find a new price for the same commodity that we bought the previous day. Things are very hard, we are only managing to survive the situation,' said another housewife, Kaddy Saidy.
Ebrima Barry, a retailer on food items, said that the prices of food items are high, but it affects both consumers and vendors like him.
Barry called on the authorities to deal with the situation because 'this is going out of hand’.
A few wholesalers reiterated that the importers from whom they buy their products usually complained of high customs and excise duties and that they are likely to run at a loss if they to sell at lower prices, considering the fact that they bought them with foreign currencies.
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Comments
The Polish have vacated around 500,000 jobs at around £5.70 per hour by returning to Poland.
Thats around £200 quid a week for 37 hours.
Trouble is...it costs around £300 quid a week to survive.
The average wage for those with skills is around....£600 quid a week.
However, with 25% cut in government jobs...these higher paid jobs are in great demand by those with highly trained government cv's.
The other factor is stricter immigration rules for none EU members.
It was interesting to hear SA's Finance Minister state that China is being welcomed to SA as full partners.
This is good news for western tax payers.
Let the Chinese, Iranians and Russian tax payers bare the African burden.
The Intelligent and highly educated Brits..are adjusting well.
We still need to cull our Banks...and invest in new Manufacturing business.
This being a bi product, of The Wests negative inflation and growth.
Both Brazil and China are making changes in fiscal policy to counteract rip tide inflation.
It was noticed that Tunisia was facing acute rises in basic food prices along with Egypt and other Middle Eastern countries.
Iran are so fearful of an uprising that they have placed the opposition leader under house arrest.
Clearly a significant crisis is emerging for those countries, who are heavily dependant on imports of basic foods and materials from the west...or indeed other emerging nations.
The West need to inject some inflation into there economies somehow.
We need to spend.
The Global economy...is now so interdependant.
We are all "sick" together?
CONDITION IS FOR JAMMEH TO GO!
Please send this message to everyone you know.
The most important thing for African economies is the research of their foreign currency. That’s what they use to purchases foreign goods they depend so much on to boost their domestic economies. You cannot use Dalasi in Abuja or London to buyer a tractors or fuel. But Yahya Jammeh uses this hard to get currency to buy stuffs in US in millions, donate raw dollars, pay in dollars for arms, etc. Gambia is not rich to quickly earn back such vast wasted foreign currency with a declining tourism. He has definitely lost his way for real as you said. He is a child in a candy shop, a wicked one indeed.
Jammeh has clearly lost his way and should be shown the exit door.
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