The Guinean government, in partnership with the Chamber of Commerce, Industry and Crafts, has announced temporary price caps on key essential commodities to curb rising market costs ahead of Ramadan and the Christian Lenten season.
The measure was unveiled on February 17, 2026, during a conference organized by the Ministry of Commerce through the National Directorate of Domestic Trade and Competition (DNCIC), with economic operators and sector stakeholders in attendance.
The announcement follows the signing of a memorandum of understanding between the State and trade actors, setting maximum retail prices effective until June 30, 2026.
The capped products include imported parboiled rice (5% broken), white rice (25% broken), sugar, vegetable oil, onions, powdered milk, flour, and poultry products such as whole chickens and thighs.
Authorities clarified that prices in Greater Conakry differ from those in interior regions like Kindia, Labé, N’Zérékoré, and Kankan due to additional transport costs.
Mohamed Traoré, Director of Domestic Trade and Competition, stated that the pricing framework was developed through consultations with importers and distributors to balance operational costs with household purchasing power.
Meanwhile, the President of the Chamber of Commerce, Elhadj Mamadou Balde, pledged nationwide dissemination of the agreement and stricter monitoring mechanisms to ensure compliance and safeguard consumers during the religious observances.
