Banque Centrale de la République de Guinée (BCRG) maintains consumer price stability and promotes a financial system that supports sustainable development in Guinea, a former French colony located in West Africa. Guinea’s 10 million inhabitants depend largely on farming and mining. Guinea is the world’s second largest producer of bauxite and has rich diamond and gold deposits. BCRG offers commercial banking services to government and public administration employees and advises the Guinean government on financial, monetary, trade, and macroeconomic affairs. It also acts as the country’s lender of last resort. The bank is a leading member of the Alliance for Financial Inclusion, a global network of financial policymakers from developing and emerging countries that work together to increase access to financial services for the poor.
“Following a public tender, BCRG selected Oracle technology because of its reliability, the recommendations that we received from other financial institutions, and our trust in Oracle’s services and technology expertise, which are readily available in Africa,” said M. Mohamed Berete, advisor to the governor and deputy project manager SYSCOBCRG, Banque Centrale de la République de Guinée.
“Oracle partner Catalyst Business Solutions was critical to the project’s success. Catalyst assisted our internal IT team during the entire implementation with in-depth expertise and was very flexible in meeting our requirements. For example, we were modifying our national chart of accounts when the implementation started, and Catalyst easily adapted to that situation. Catalyst also trained our key users in all Oracle applications and technologies in their Oracle Approved Education Center in Dakar, Senegal,” M. Mohamed Berete added.