Guinea-Bissau’s economy grows 5 pct in 2015

15 January 2016

The economy of Guinea-Bissau grew by 5 percent in 2015 and current revenues amounted to 83 billion CFA francs (US$138 million), “the highest value ever”, announced the Minister of Economy and Finance.

Minister Geraldo Martins said in a lengthy letter to his ministry staff, released this week on Facebook that “2015 was a good year, despite the political turmoil.”

“There was a consolidation of economic recovery,” with growth of “around 5 percent” and current revenues amounted to “the highest level ever, or 83 billion CFA francs against 61 billion in 2014,” he wrote.

In the message, Martins also noted the “efforts to catch up on wage arrears of 2011-2014, especially in the social sectors” and the general use of bank transfers to pay salaries. (macauhub/GW)