Savings, credit and bankarization in Guinea Conakry - Report
Savings, credit and bankarization in Guinea Conakry RFI / Raphaelle Constant
By: Raphaëlle Constant Follow |
Emmanuelle Bastide
2 min
What to do with his small savings in Guinea Conakry?
Financial inclusion has seen some progress in Guinea in recent years.
The share of bank account holders increased from 7% in 2014 to 23.5% in 2017, according to Global Findex.
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However, this momentum is modest compared to its neighbor Senegal, which is 42.3%.
This progression is mainly linked to electronic money, the development of which is recent in Guinea.
But if Guineans resort more to digital payments, cash transactions dominate and still reflect the high level of informality of economic activities.
How to explain the distrust of the inhabitants towards banking establishments?
What strategy in Guinea for the financial inclusion of all layers of society?
How to take into account the way of life of the most modest citizens?
A report by
Raphaëlle Constant
in Guinea before the epidemic, on the occasion of DIA'FIN, on Financial Inclusion in Guinea & Africa.
The question of the consequences of Covid-19 and the economic crisis on the way Guineans protect their money will also be discussed.
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Guinea
Economy
Finance
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