The fall of Guinean Francs against currencies that are becoming increasingly rare is becoming worrisome. Not only is the depreciation unprecedented, but also the rise in prices of all products is becoming increasingly stronger

Safayiou Diallo, Guinean Citizen, publishes an opinion piece according to which, the real causes of the rise in prices in Guinea are, among others: the appearance of Ebola virus diseases and the Coronavirus, the increase in the money supply followed by the depreciation of the national currency, the rise in wages in the private and public sectors, the loss of the competitiveness of the Guinean economy due to the weakness of production.

The epidemics have created a generalized psychosis in all economic sectors, leading to additional public spending as well as the postponement and/or stopping of certain investment projects.

The analysis indicates that with a drop in GDP due to the loss of state revenue, the government is being deprived of its usual means of intervention, especially since at the end of the third quarter of 2020, the State had mobilized only nearly 2,000 billion, or 60% of the total of its response plan defined against Covid-19.