Foday Joof

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Principal Economist

Central Bank of The Gambia

Member since

31 May 2023

Location

Banjul

Bio

Foday Joof is a sustainable finance specialist and an economist. He is a Ph.D. scholar in Finance from Eastern Mediterranean University, specializing in Financial Market Spillovers, Financial Econometrics, and ESG Considerations. Currently, a Ph.D. fellow in environmental sustainability at the University of Ottawa, Canada, focusing on resource economics. Foday is ranked 15th among the top 100 scientists in The Gambia and 2st in social sciences by the AD Scientific Index. He currently serve as a Principal Economist at the Modeling and Forecasting Unit, Economic Research Department of the Central Bank of The Gambia.

Experience

Risk Management Officer

Central Bank of The Gambia

To Present

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Latest opinions

Will The Gambia’s Inflation Return to its 5% medium-term target? A Question That Still Echoes

This blog is motivated by a simple but powerful question that Dr. Momodou Jallow asked me during the recently concluded forecasting round in preparation for the Monetary Policy Committee (MPC). He turned to me and said: “Do you think The Gambia’s inflation will return to its 5% medium-term target?” I paused for a moment, perhaps longer than I reali...

25 November 2025

Currency Shocks and Trade Imbalance: The Gambia’s Dalasi Dilemma

Dr. Foday Joof, an economic expert, has linked The Gambia’s persistent dalasi volatility to its heavy trade deficit and low market confidence, warning that the country’s overreliance on imports and limited exports continues to put pressure on its currency. In an interview with The Voice, Dr. Joof explained that over 90 percent of goods consumed in...

29 July 2025

The Delusion of Interest Rate Orthodoxy: Are Central Banks Gambling with Aggregate Demand?

Dr Foday Joof, a sustainable finance and economist, raised serious concerns about the continued reliance on interest rate as a tool for fighting inflation in The Gambia and other developing countries. In an exclusive interview with The Voice at the weekend, Dr. Joof describes the approach as 'counter-intuitive' to the structural realities facing mo...

24 June 2025

See all 13 opinions by Foday