Remittances from Guineans living and working abroad and coffee exports account for the rest of Guinea's foreign exchanges industry.

In the time up to c. 1980, the franc-zone countries had on average a lower inflation and a higher economic growth compared to the Anglophone counterparts, who could use their own currencies.

[7] Since 1985, the Guinean Government has adopted policies to return commercial activity to the private sector, promote investment, reduce the role of the state in the economy, and improve the administrative and judicial framework.

The government has eliminated restrictions on agricultural enterprise and foreign trade, liquidated many parastatals, increased spending on education, and vastly downsized the civil service.

The IMF and the World Bank are heavily involved in the development of Guinea's economy, as are many bilateral donor nations, including the United States.

The United States and Guinea have signed an investment guarantee agreement that offers political risk insurance to American investors through OPIC.

In 2002, the IMF suspended Guinea's Poverty Reduction and Growth Facility (PRGF) because the government failed to meet key performance criteria.

In reviews of the PRGF, the World Bank noted that Guinea had met its spending goals in targeted social priority sectors.

Under then-Prime Minister Diallo, the government began a rigorous reform agenda in December 2004 designed to return Guinea to a PRGF with the IMF.

Exchange rates have been allowed to float, price controls on gasoline have been loosened, and government spending has been reduced while tax collection has been improved.

Despite the opening in 2005 of a new road connecting Guinea and Mali, most major roadways remain in poor repair, slowing the delivery of goods to local markets.

The consortium Alcan and Alcoa, partner with the Guinean government in the CBG mining in north western Guinea, have announced the feasibility study for the construction of a 1 million TPa alumina smelter.

[15] In 2017, Och-Ziff Capital Management Group pled guilty to a multi-year bribery scheme, after an investigation by the Securities and Exchange Commission (SEC) led to a trial in the United States and a fine of $412 million.

[16] Following this, the SEC also filed a lawsuit in the US against head of Och-Ziff European operations, Michael Cohen,[17][18] for his role in a bribery scheme in the region.

[19][20] In 2009 the government of Guinea gave the northern half of Simandou to BSGR[21] for an $165 million investment in the project and a pledge to spend $1 billion on railways, saying that Rio Tinto wasn't moving into production fast enough.

[23] In February 2019, BSGR and Guinean President Alpha Condé agreed to drop all allegations of wrongdoing as well as the pending arbitration case.

[24] Under the agreement, BSGR would relinquish rights to Simandou while being allowed to maintain an interest in the smaller Zogota deposit that would be developed by Niron Metals head Mick Davis.

[25][26] In 2010 Rio Tinto signed a binding agreement with Aluminum Corporation of China Limited to establish a joint venture for the Simandou iron ore project.

[27] In November 2016, Rio Tinto admitted paying $10.5 million to a close adviser of President Alpha Condé to obtain rights on Simandou.

[29] In July 2017, the UK-based anti-fraud regulator, the Serious Fraud Office (SFO) and the Australian Federal Police[30] launched an investigation into Rio Tinto's business practices in Guinea.

The law set up a commission to review government deals struck during the chaotic days between the end of dictatorship in 2008 and Condé coming to power.

[34] He was charged with embezzlement of public funds and receiving financial and other benefits from French companies that were interested in the Guinean mining industry.

[39] In December 2016, the US Department of Justice announced that the man pleaded guilty to conspiring to make corrupt payments to government officials in Africa.

[38] According to a Global Witness report, Sable Mining sought iron ore explorations rights to Mount Nimba in Guinea by getting close to Conde towards the 2010 elections, backing his campaign for presidency and bribing his son.