Guinea Conakry - Increase in CNSS Minimum Wage Limit Effective 1 June 2022

Guinea Conakry - Increase in CNSS Minimum Wage Limit Effective 1 June 2022

The National Social Security Fund (CNSS) is responsible for managing the General Social Security system established by the Social Security Code. The Social Security contributions are calculated based on a minimum and maximum contribution base.

The maximum and minimum salary eligible for contributions is established through Article 1 and 2 of Order No. 007/METFPP-ET/CAB of 1 January 2019.

According to presidential decree D/2022/0270/PRG/SSG of 1 June 2022, the Guaranteed Interprofessional Minimum wage (SMIG) values increased effective 1 June 2022. The SMIG amount impacts the minimum Social Security contribution base.

Therefore, effective 1 June 2022 –
  1. the monthly minimum ceiling increased from GNF 440 000 to GNF 550 000
  2. the monthly maximum ceiling remains unchanged at GNF 2 500 000
  3. the rate of social contributions remains unchanged at 23% (Employer 18% and Employee 5%)
The calculation of Social Security contributions involves multiplying the eligible salary for contributions (within the defined minimum and maximum ceilings) by the applicable contribution rate.