Guinea’s high cost of living: ‘It’s a systemic problem, even if you change the president’

Elhadj Mohamed Kourouma, CEO of Hamana, blames the system for being the source of our country’s difficulties. The economic operator believes that the system must be fought to free our country from its current difficulties. He said this yesterday, Monday, July 15, 2024, at a lively press conference at the Kankan Journalists’ Public Residence, as reported by Guineematin.com through one of its correspondents in the county.

The purpose of the speech by Hamana CEO Elhadj Mohamed Kourouma was to highlight the economic situation in the country.

In his speech, Alhaji Mohammed Kuruma stressed the need to raise awareness about the high cost of living currently prevailing and highlighted the challenges faced by people. These include rising prices of basic necessities, rising energy costs and high unemployment.

“The high cost of living in Guinea can be explained by systemic changes. We are facing a very big and deep problem in Guinea. Every country in the world has what we call a civil service and private companies that employ young people. All countries in the world have developed with a system, maybe communism, maybe socialism, maybe capitalism. The president can be changed or removed, but the system cannot. The president may leave, but the system remains. We have almost everything in Guinea, but nothing has changed, nothing is absolutely working. The real problem remains the system, and it is this system of affiliation or patriarchy that has brought corruption, laxity, embezzlement, theft and disharmony to the country. As long as this exists, we will always have serious problems with our survival,” he said.

Furthermore, the economic operator called for greater awareness and concerted action to improve the living conditions of the population and fight high prices. “Guineans should join hands to end the crisis. The currency has appreciated everywhere except Guinea. A thorough fight must be fought against the system that is holding the country back. Nothing will change if it is not fought the way it should be. It is a systemic problem, even if you change presidents,” he advised.

De Kankan, Souleymane Kato CAMARA for Guineematin.com