Guinea Prime Minister Orders Transmission of Contracts Signed Since September 2021

• Guinea's Prime Minister Amadou Oury Bah has instructed ministers to transmit contracts signed since September 5, 2021.
• The directive includes contracts signed by services and organizations under ministerial supervision.
• The move aims to promote transparency, accountability, and good governance in the country.
• Businesses operating in Guinea should be aware of this directive and ensure compliance with new disclosure requirements.

This initiative is part of efforts to promote accountability and good governance in the country.

In a move aimed at increasing transparency, Guinea's Prime Minister Amadou Oury Bah has instructed all ministers to transmit contracts signed by their departments since September 5, 2021. This directive includes contracts signed by services and organizations under their supervision. The instruction was contained in a letter addressed to government members, outlining the need for greater disclosure of ministerial activities. According to the letter, this initiative is part of efforts to promote accountability and good governance in the country.

The directive comes as Guinea continues to implement measures aimed at enhancing transparency and accountability in government dealings. The move is also seen as an effort to prevent corruption and ensure that public funds are used effectively. In recent years, there have been concerns about the lack of transparency in government contracts, with many deals being signed without proper disclosure. This has led to calls for greater accountability and oversight in the awarding of contracts.

The transmission of contracts signed since September 2021 is a significant development that could have far-reaching implications for businesses operating in Guinea. Lawyers advising clients with business interests in the country should be aware of this directive and ensure compliance with the new disclosure requirements. The move is also expected to promote greater transparency and accountability in government dealings, which could have positive effects on investor confidence and the overall business environment.

Lawyers advising clients with business interests in Guinea should watch for the potential impact of this order on existing contracts and ensure compliance with the new disclosure requirements.

Source: Original reporting via Guineematin.com