News
Guinea junta tells central bank to freeze government accounts
13 Sep 2021

Guinea’s military junta, which seized power over the weekend, said on Thursday that it has ordered the central bank and other banks to freeze all government accounts.

On Sunday a group of special forces soldiers said they ousted President Alpha Conde over concerns about poverty and endemic corruption.

The banking freeze was aimed at “securing state assets”, a junta spokesman announced on the national broadcaster.

“This includes public administrative and commercial establishments in all ministries and the presidency, presidential programmes and projects, members of the outgoing government as well as senior officials and administrators of state financial institutions,” the spokesman said.

A mining boom propelled strong economic growth during Conde’s decade in power, but surveys suggest Guineans thought corruption has increased in recent years, while dissatisfaction with the economy and living conditions has also risen.

By Saliou Samb, Reuters, 9 September 2021

Read more at Reuters

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