The collapse of the Guinean Franc against currencies that are becoming increasingly rare is becoming worrying. Not only is the depreciation unprecedented, but also the rise in the prices of all products is becoming more and more reinforced.

Safayiou Diallo, Citizen Guinean 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, rising wages in the private and public sectors, the loss of competitiveness of the Guinean economy due to low production.

Epidemics have created widespread psychosis in all economic sectors, leading to additional public spending and the postponement and/or cessation of certain investment projects.

The analysis indicates that with a decline in GDP due to the loss of state revenues, the government finds itself 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, i.e. 60% of the total of its response plan defined against Covid-19.