Mamadou Baldé, president of the Chamber of Commerce of Guinea: “the prices of fixed foodstuffs are set for retailers”

The Guinean government and the Chamber of Commerce, Industry and Crafts agreed, on March 25, 2022, to a memorandum of understanding for the reduction of the prices of consumer foodstuffs. A statement read on state media announced, among other things, lower prices for rice, sugar, flour and oil., met this Saturday, March 26, 2022, the President of the Chamber of Commerce, Industry and Crafts of Guinea, Mamadou Baldé commonly known as Baldé Royal moto for more details.

Quite naturally, the new boss of the Chamber of Commerce welcomed his fellow economic operators who placed their trust in him to put him at the head of this important umbrella structure of the country.

Mamadou Baldé, President of the Chamber of Commerce of Guinea

“Following this election in which I was brought to the head of the Chamber of commerce, industry and crafts of our country. I would like to thank all the economic operators who have agreed to choose my modest person to lead our umbrella organization. I particularly thank Colonel Mamadi Doumbouya, the CNRD and the Government for this achievement. For 19 years, Guinea has struggled to set up the Chamber of Commerce. It took their arrival and materialized by the decisive involvement of the Minister of Trade, Industry and SMEs. We would like to congratulate them very warmly for this feat achieved in such a short time. To talk about our installation, I will tell you that we were received several times by the President of the transition, Colonel Mamadi Doumbouya. The President has each time explained to us his concern to see the Guinean’s housewife’s basket lightened. All economic operators are committed to supporting the government in this direction; given the global socio-economic situation. Economic operators have undertaken to lower the prices of basic necessities and to keep them stable until December 2022. The government, for its part, has reassured us and promised all economic operators to grant accompanying measures to importers to relieve the Guinean populations. This commitment was made in consultation with customs and budget officials. The prices set are consumer prices. This is not a price for wholesalers. These prices are valid in greater Conakry. For the rest of the country, it is the price of transport from Conakry that should make the difference,” said Baldé Royal moto.

The President of the Chamber of Commerce, Industry and Crafts, added that in addition to the drop in prices of consumer goods, economic operators have told the President of the transition to the availability of sufficient quantities of these foodstuffs at least until next December.

“In addition to the drop in consumer prices, importers told the President of the availability of sufficient stock of consumer goods for several months. It is also said that these foodstuffs which are subsidized are prohibited from re-export. This commitment must also be understood and respected by all economic operators in our country,” insisted Mr. Baldé.

For Mr. Baldé, economic operators must know that they now have a structure that responds and defends their interests with the competent authorities and in all circumstances. Moreover, the government has made available to the newly elected officials a seat, located in the city center of the capital, as if to materialize their support for the newly installed Chamber of Commerce, Industry and Crafts of Guinea.

Abdallah BALDE for

Tel: 628 08 98 45

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