On the occasion of the presentation of the Finance Bill (PLF) 2024, the governor of the central bank Karamo Kaba told the National Transitional Council (CNT) that the explosion in the hydrocarbon repository will have serious economic repercussions. For this reason, the government has taken precautionary and security measures

On the night of 17 to 18 December 2023, an explosion occurred at the warehouse of the Société Guinéenne des Pétroles (SGP). Indeed, in order to prevent the economic repercussions that explosions can cause, the Guinean government has taken precautionary and security measures including the closure of service stations and schools and the stopping of work in the public and private sectors in Kaloum. The governor of the BCRG indicated that the National Institute of Statistics (INS) foresees a drop in refined oil imports for the rest of 2023 of the order of 4.2%, and a slowdown in transport activities of around 2 percentage points compared to a normal situation and in this context, economic growth could be reduced by 0.7 percentage points