Gambia begins repaying D563.8 million bus loan
The government made its first principal and interest payment in May 2026 for buses procured for GTSC.
The Gambian government has started repaying a D563.8 million loan for Gambia Transport Service Company (GTSC) buses. The first payment covering principal and interest was made in May 2026. This repayment plan is part of a D563,779,771.50 financing arrangement with the Social Security and Housing Finance Corporation (SSHFC).
Finance Minister Seedy Keita informed the National Assembly that the loan will be repaid through 10 semi-annual instalments. The repayment schedule began on April 30, 2026, and is set to conclude by October 30, 2030. The initial instalment, due April 30, 2026, was paid on May 12, 2026.
Lawmakers questioned the minister on the total amount repaid to date, but Keita stated only the first instalment had been paid. The loan supports the procurement of 70 buses for GTSC, a public transport provider. The government is obligated to continue these payments to the SSHFC every six months until the loan's conclusion.
Why it mattersThe Gambian government is repaying a significant loan for public transport buses, affecting its financial obligations to the SSHFC.