06/12/2025
THE GAMBIA TIMES
Special Editorial • National Affairs & Economy
TWO MEN AT THE WHEEL, IS SAIDY & KEITA STEERING GAMBIA INTO ECONOMIC CRISIS?
Central Bank Governor Buah Saidy and Finance Minister Seedy Keita under scrutiny as Dalasi weakens and public distrust grows
Banjul, As the Gambian economy continues its turbulent slide, public frustration is mounting and attention is shifting towards two of the nation’s key economic custodians: Central Bank Governor Buah Saidy and Minister of Finance, Seedy Keita. With the Dalasi losing value, inflation tightening its grip on households, and communication inconsistencies surrounding national debt, many citizens and analysts are questioning whether the current economic leadership is capable of steadying the nation’s financial course.
From the markets of Serrekunda to the remittance counters feeding families back home, the signs are clear, Gambians are feeling the squeeze.
A Currency Under Pressure
Over recent months, the Dalasi has experienced a notable devaluation, raising concerns across business circles and the general public. Importers complain of rising exchange rates, consumers face frequent price hikes, and salary earners report that their wages no longer cover half of what they used to.
The Central Bank, under Governor Saidy, has offered little reassurance beyond standard statements, leaving citizens searching for clarity and direction. Critics argue that weak monetary policy and financial mismanagement have worsened an already fragile economy.
Karpowership Controversy Raises Questions
Controversy intensified when Finance Minister Seedy Keita announced publicly that the country owed Turkish energy supplier Karpowership $19 million in arrears. Shortly after, media reporting, including coverage by The Fatu Network, suggested that the debt had already been settled, contradicting the Minister’s earlier claim.
The inconsistency triggered debate, leaving many Gambians demanding transparency. Was the misinformation a communication error, or does it expose deeper confusion within the Ministry of Finance? So far, answers remain elusive.
Diaspora Insult Sparks Outrage
Another wave of public reaction followed Governor Saidy’s remarks referencing diaspora Gambians living in “two-by-three metre houses” and speaking only after a meal. For many, the comments were an insult to the very community whose remittances contribute significantly to national stability.
Remittances from abroad inject millions of dollars annually into the economy, often surpassing domestic revenue streams. Analysts note that without diaspora support, the pressure on the Dalasi and the cost of living could be far worse.
Questions of Competency and Accountability
While both officials continue to occupy their positions, critics insist that the country’s economic future may depend on whether leadership changes or policy reforms are enacted. With inflation climbing and the currency weakening, Gambians are asking whether fresh expertise and direction are urgently required.
The heart of the concern is simple: Can the current custodians of the economy deliver growth and stability, or are they presiding over decline?
The People Are Watching
As economic tension rises, the public mood reflects exhaustion and impatience. From street vendors to civil servants, there is a growing sentiment that accountability must be demanded, not requested.
Gambia’s economy cannot thrive on uncertainty. It requires confidence, discipline, strategic planning, and above all, transparency.
Editorial Position
Leadership is not measured by title, but by results. At this moment, results are scarce and frustration is plenty. The Gambia Times believes that Governor Buah Saidy and Minister Seedy Keita owe the nation clear answers, a recovery plan, and an honest account of the state of the economy.
If change is not delivered through policy, it may be demanded through the voice of the people.
History records leaders not for what they promised, but for what they delivered.
The Gambia watches and waits.
By Mark Saho, UK 🇬🇧.