About the Market Index
The Gainako Market Index is a monitoring mechanism developed by journalists reporting on the Gambia’s Economy. In the absence of a Market Price Monitoring portal this Market Index will provide regular updates on the price of high demand commodities in the Gambian Market.
Our reporters have been following the price of fuel and reporting on the matter extensively, publishing charts and diagrams of different commodities over time.
The Gainako Market Index aims to monitor and report on the prices of commodities identified below with plans to extend the list already underway. If you have a suggestion on the type of commodities you believe should be featured on our Market Index, please contact us in the details below.
The Gambia’s Ministry of Transport, Works and Infrastructure (MoTWI) announced the price increase in transportation fares and a new tariff for the transportation of containers across the country on 16th January 2023. The announcement indicated that price increases become “effective 20th January 2023”. Our report secured an exclusive interview with the President of the Gambia’s Transport Union to produce this price update.
Our review of the price of bread over a six-year period indicates that it first increased by D1 in 2018 from D6 to D7. This was an increase of 16.7% from 2017 to 2018. For four consecutive years, the price of bread has been stable at D7 per loaf. However, the price of bread increased by D3 from D7 to D10 in early 2022 after the price of flour also increased. This represents a whopping 42.9% increase from 2021 to 2022.
Gainako has been reporting on the price of fuel on a regular basis. Our long list of reports on fuel feature the Ministry of Finance and Economic Affairs, the Ministry of Energy and Petroleum, Oil marketing companies, Drivers and ordinary passengers. With the charts used to illustrate the price trend of fuel over the years our media is well placed to continue more regular updates on the price of fuel.
Our publication on the price of rice was prompted by President Adama Barrow’s claim that the price of rice had stayed the same since 2017 to 2021. Speaking during a rally at Faji Kunda on 4th December 2021 President Adama Barrow claimed that “a bag of rice was D1,300 when Jammeh was leaving this country while a bag of Sadam was D1,500. When Yahya Jammeh left this country until now, the price of rice is the same”.
Prices of Commodities vary based on date and location.