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West African Bankers Association

Association des Banques d'Afrique de l'Ouest


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Guinea

Guinea B.

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Nigeria

Senegal

S.Leone

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WABA LEADERSHIP

WABA's executive secretariat is under the strategic leadership of the CEO ...read more


BOARD OF DIRECTORS

Board members provide leadership for WABA and its overall operation ....read more


     
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Information on Guinea Information on the Economy of Guinea
List of Banks in Guinea How to create a company
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Guinea?

Located in Western Africa, Guinea has a 4,046.00 km border with Cote d'Ivoire (816 km), Guinea-Bissau (421 km), Liberia (590 km), Mali (1,062 km), Senegal (363 km) and Sierra Leone (794 km). It has a 320.00 km coastline. Sierra Leone has protested Guinea's continued occupations of some lands near the Makona and Moa Rivers.

 

Guinea’s capital city is Conakry. It became a capital in 1904 and has grown significantly since then. Statistics in 2014 indicate that its population was 1,660,973. Interesting places to visit in Conakry include Conakry Botanical Garden, Presidential Palace, Sandervalia National Museum, and Fouta Djallon. The city’s climate is the tropical monsoon often influenced by the Harmattan winds.

 

Read more on Guinea's Capital

Guinea is an African country covering 245,857.00 km2 of which 0.06% is water and 245,717.00 km2 is land. This makes it the 77th largest country in the world and slightly smaller than Oregon. Its geographic coordinates are 11 00 N, 10 00 W and Conakry is the capital city.

 

The name of the country comes from the Guinea region of West Africa.

Its ISO code is GN.

Geography

Guinea has a mean elevation of 472 m above sea level.

It has a hot and humid cliimate with monsoons in the rainy season of June to November and mild weather in the dry season from December to May. Its terrain is mostly flat, with a hilly to mountainous interior.

Population

Guinea has a population of 12,093,349 making it the 75th largest in the world.

French is the official language. The major ethnic groups reported include Fulani, Malinke, and Susu. The majority of the country is Muslim.

 

French is the official language used in Guinea. The language has 26 letters forming its Latin alphabet. It is also popular for its Romantic orientation. The most widely spoken vernacular language in Guinea is Fula. Minority languages spoken in Guinea include Zialo, Kissi, and Kpelle.

 

Read more on Guinea's Languages

The dialing code for the country is 224.

Government

Guinea is an independent country. It gained independence from France in 1958. Its constitution was last ratified in 1990.

Guinea is an independent state governed by a president. The president is in charge of running the state and the government. In executing his duties to the government, he appoints a Prime Minister and a Cabinet. In addition to the executive, Guinea’s governance also includes contributions from the judiciary and parliament. Ideally, elections in Guinea should take place after every five years.

 

Read more on Guinea's Government

Economy

Factoring in Purchasing Power Parity, Guinea's GDP is $16,080,000,000.00 (USD) with $1,300.00 (USD) per capita. This makes it the 152nd largest economy and its citizens the 211th richest in the world. The currency of Guinea is the Franc (GNF).

 

Its major export partners are IndiaSpain, and Ireland. Its main exports are bauxite, gold, and diamonds. Its major import partners are China, the Netherlands, and India. Its major imports include petroleum products, metals, and machinery.

Flag

The flag of Guinea resembles the French tricolor due to its arrangement of vertical bands. However, its colors differ from the French flag as they are yellow, green, and red. The red on the flag symbolizes the blood that was shed as the country fought for its independence. The green color shows the green vegetation on the land and the yellow color is the sun. The three colors are similar to those used by the Pan-African movement. The flag of Guinea was adopted in 1958.

 

Read more on Guinea's Flag

 

 

 

ANNUAL MEETINGS

WABA's Annual General Meeting creates platform for members to converge ...read more

TRAINING COURSES

Greater attention is being given to training on short courses. Register ...read more


Capital

Conakry

Languages

French (official)

Ethnic Groups

Fulani (Peul) 33.9%, Malinke 31.1%, Susu 19.1%, Guerze 6%, Kissi 4.7%, Toma 2.6%, other/no answer 2.7% (2012 est.)

Religion

Muslim 86.7%, Christian 8.9%, animist/other/none 4.4% (2012 est.)

Government

Presidential republic

Independance

2 October 1958 (from France)

Area

245,857.00 km2

Water Area

140.00 km2

Land Area

245,717.00 km2

Population

  • 12,093,349.00

Location

Western Africa, bordering the North Atlantic Ocean, between Guinea-Bissau and Sierra Leone

No. Bordering Countries

6

Bordering Countries

Cote d'Ivoire 816 km, Guinea-Bissau 421 km, Liberia 590 km, Mali 1,062 km, Senegal 363 km, Sierra Leone 794 km

GDP(PPP)

$16,080,000,000.00 (USD)

GDP (Per Capita)

$1,300.00 (USD)

Export Partners

Its major export partners are India, Spain, and Ireland.

Export Commodities

Its main exports are bauxite, gold, and diamonds.

Import Partners

Its major import partners are China, the Netherlands, and India.

Import Commodities

Its major imports include petroleum products, metals, and machinery.

Climate

Generally hot and humid; monsoonal-type rainy season (June to November) with southwesterly winds; dry season (December to May) with northeasterly harmattan winds

Terrain

Generally flat coastal plain, hilly to mountainous interior

Learn More

Guinea

 

About WABA


     
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Our Mission and Objectives

 

What We Do at WABA
Our Leadership and Governance

 

     

The West African Bankers Association's mission is "to develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development." ...read more

WABA creates avenues for the revision and exchange of information on banking practices in the sub-region in particular and in Africa in general, and a forum for the discussion of common problems. The enhancement of the promotion and strengthening of ...read more

WABA comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly, including the Executive Management, and the Board of Directors. The Secretariat is run by the Secretary General who is the Chief Executive Officer. ...read more

 
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