The Guinean Economy amidst the Covid-19 Health Crisis: Impacts and Eradication Strategies

Abstract

The Covid-19 global pandemic has been the greatest threat to the world’s economy as a whole since the Great Economic Depression of 1929. The Guinean economy, like other countries around the world, has not escaped the clutches of this coronavirus-19 health crisis since its appearance until its advent in Guinea in March 2020. The objective of this paper is to not only provide a general overview of the impact of this health crisis on the country's economy but also to examine restrictive measures put in place by the government to ease the health, human and socio-economic impact of the pandemic, through case study methodology and review of data and reports from the National Agency for Health Security-Guinea (ANSS), the Central Bank of Guinea, the Ministry of Health of Guinea, The Private Investment Promotion Agency (APIP-Guinea), the World Health Organization (WHO). The results show us that the Guinean economy has registered in the face of COVID-19, this by the government's many devices and the immediate adoption of technological tools by some entrepreneurs. On this side, there are some entrepreneurs who have closed their businesses because of non-state assistance.