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Guinea
Summary
- Guinea voluntarily requested a temporary suspension from EITI following delays in its implementation.
- The report available online is not the complete version of the report compiled by KPMG, but rather a summary by independent consultants. This summary was the basis of our analysis.
- The report does not have a publication date, therefore we were unable to provide a timeliness score. The regularity score is low.
- Information is not provided on the materiality threshold or audit requirements.
- The report available online is very basic and fails to provide reconciled data or an explanation of key findings.
- The EITI committee only selected six companies to report, and the report contains no information on what portion of revenue they provide or why they were selected.
Data Year
2005
Publication Year
Not specified
EITI Status
Candidate
Candidate
Report Compiled by 2 Independent Consultants
EITI report Download PDF
Source guinee.gov.gn
Government Receipts
$138,140,892.84
Company Payments
$139,432,213.88
GDP, 2005
BILLION US$
source
2.94
Total Government Revenue (% of GDP)
15.24
Reported EI Revenue (% of Total Revenue)
30.86
Report Quality Indicators | ||
1. Regularity | ||
| a) score | 0.20 | |
| b) total reports / implementing years | 1/5 | |
2. Timeliness | ||
| Lag between fiscal year of data and publication year. | N/A | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | No | |
4. Data Reliability | ||
| Report contains audited data from: | ||
| a) companies | No | |
| b) government | No | |
5. Coverage | ||
| Revenue data includes the following revenue streams: | ||
| a) royalties | No | |
| b) taxes | Yes | |
| c) surface, rental or license fees | Yes | |
| d) bonuses | No | |
| e) state-owned enterprise (SOE) payments | No | |
| f) Report covers all extractive sector companies. | Yes | All 6 companies selected by EITI committee reported. |
| g) Report states the price of any product received or sold by government. | No | |
| h) Report states the quantity of resources produced. | No | |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | No | |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | No | |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | Yes | |
| b) revenue streams | Yes | |
| c) projects | No | |
| d) commodities | No | |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | No | |
| b) clear indication of what currencies and units of measurement are used | Yes | |
| c) written explanation of key findings and recommendations | No | |
| d) a clear definition of terms | No | |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, | N/A | |
| Corruption Perception Index, 2010 | 164/178 | |
| Open Budget Survey, | N/A | |
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