18 August 2014

Gambia: Price Hikes

editorial

Business is basically a fundamental human activity that people engage in to earn their living. It is also a vital means of promoting the economic wellbeing of a nation. Therefore, it is important that those who are engaged in this crucial activity do it with honesty and empathy.

Engendering circumstances that bring about exploitation in any form is not a sound basis for survival. The process of buying and selling should be guided by honesty and trustworthiness so as to prevent the unnecessary greed which often results to the exploitation of the people. Our business community should therefore realise that they owe society a great debt. Unnecessary price hiking is not in any way in line with the principles of honesty and more importantly, not in our religion and moral values. Besides, business would still grow when prices of basic necessities are reasonable and are of quality.

We would therefore re-echo the assertion of the Trade minister that the existence of liberal market policies should not be a pretext to indulge in exploitation of the people. The business community should endeavour to operate within the framework of fair play. Gambians should also come forward to venture into business. We have seen local companies like the Kanilai Farms provided quality goods to the people at affordable prices and the company is growing. It will be of great help to other business units and the country at large, if the good steps of business organisations like the Kanalai Farms are emulated.

Honesty is very important in whatever we do. The growth potentials of the country are growing; there is no need for the people to venture into dubious price hikes. A slow but progressive business is what is sustainable. We hope the business community will heed to this piece of advice and embrace the culture of honesty and sympathy in business.

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