By Habibu Yaya Bappah
The study examines the current political crisis in Guinea-Bissau and seeks to explain it from a political economy perspective. It examines the Conakry Agreement negotiated by ECOWAS and proposes recommendations to end the crisis and promote stability in the country. Guinea Bissau is a post-conflict state with fragile institutions and scarce financial resources. In the last two years, the country has been without a stable government, budget and government.
This is due to a political impasse that is mainly centered around political differences and lack of trust between the President of the Republic, José Mário Vaz and his former prime minister and leader of their party, the PAIGC, Mr. Domingos Simões Pereira. Despite the intervention of ECOWAS, which negotiated the Conakry Accord to end the impasse, disagreements persisted between the elites on its implementation. The study posits that the political struggle is not only a manifestation of a deep struggle of elites within the PAIGC, but an incomplete transition from state-controlled economy to a liberal democracy with market economy.