Under the effect of the “inflexibility” of prices, the Guinean local currency is depreciating. Faced with the perverse effects of galloping inflation, the Guinean franc (GNF) continues to weaken the purchasing power of the population.

With a GDP of 5.2% in 2021, Guinea is, despite the Covid-19 pandemic, in the top 5 of African countries with the most resilient economies. Around 9.8% in 2018 before recording a slight drop in 2019 to 9.5% and rising again in 2020 to 10.4%, headline inflation recorded an increase of +1, 6 and currently stands at 12% (2021). The inflation that has characterized the Guinean franc (GNF) for years (between 8 and 10% since 2012) is also dependent on a neglected, even unsuspected phenomenon that could be called "price inflexibility" on the contrary of the contrary principle of "price flexibility" of goods and services of commercial activities. The depreciation of the Guinean franc (GNF) is therefore not strictly linked to the recession, since the country is posting 5.2% growth, nor necessarily to the trade deficit, or to the issuance of money by the central bank (the plate ticket). Its devaluation would also be maintained by commercial practices favored by the monopoly, resulting in the absence of competition and the dictatorship of prices and, to top it off, in the violation of the principle of price flexibility for consumer products and services. , which takes into account the fluctuation of the basic elements in terms of pricing (cost of production, transport, taxes, etc.).