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Guinea Economy:
A
resource rich nation, the development of the Guinean economy
has been troubled mainly due to poor government policies and
conflict
in neighboring countries especially Liberia and Sierra Leone.
The country has large reserves of bauxite, gold, diamonds and
alumina.
Guinea is currently one of the largest producers of bauxite in
the world.
The mining industry accounts for a large percentage
of the country’s economy. Agriculture is also widely practiced
and produces coffee, palm kernels, bananas, pineapples, sweet
potatoes and livestock.
Currency: The Guinean Franc is the title of the currency used
in Guinea.
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