The Central Bank of the Republic of Guinea published a communiqué on the 59th ordinary session of its board, which adopted the central bank’s 2026 budget and reviewed its financial position, reserve management and 2025 budget execution. The 2026 budget was approved with projected revenue of GNF 1,705.32 billion, projected expenditure of GNF 1,008.29 billion and a projected surplus of GNF 697.03 billion. The board also reviewed first-half 2025 foreign exchange reserve management, noting that gross reserves increased from about USD 1.3 billion to USD 1.8 billion, now cover about three months of imports, and that net international reserves quadrupled over six months. The board adopted the report on the financial statements for the year ended Dec. 31, 2023, together with the external auditor’s opinion, and issued recommendations to further strengthen transparency, compliance and the efficiency of the bank’s financial management. On reserves, it found the investment policy broadly consistent with the defined liquidity, placement and investment tranches, reviewed USD sales against the Guinean franc, and considered a request to extend the maturity of the investment tranche to 10 years, which it deemed pertinent in light of return prospects and prudent reserve management. For 2025 budget execution, it noted an operating revenue realization rate of 89.25%, operating expenditure execution of 92.53% and a low investment spending execution rate of 21.68%, attributed mainly to delays in certain structural projects. The board called on the relevant services to accelerate implementation of ongoing projects while complying with procedures and maintaining spending efficiency. It also said the 2026 budget is supported by higher expected income from investments, operations with the state and planned gold sales, alongside continued priority investment in infrastructure, information systems and modernization tools.

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