Guinea-Bissau economy grew by up to 5 pct in 2015: Minister

Guinea-Bissau’s economy is expected to have grown by between 4.7 percent and 5 percent year-on-year in 2015, the Guinean Minister of Economy and Finance, Geraldo Martins, said.

According to Angolan news agency Angop, the Minister made his remarks in a letter sent earlier this month to civic workers under his Ministry.

“[If confirmed,] that [growth] would put the country on the right track to meet the Government’s target of [an annual economic growth of] 7 percent in two years time,” Mr Martins said. He added that to achieve that goal, efforts should continue in order to “rationalise public expenses” and increase public revenues.

The Minister attributed last year’s likely growth of up to 5 percent to “a good cashew harvest” and a “regular electric power supply”.