Supported by Denise Mekam'ne, Minister of State for Relations with Constitutional Institutions and Independent Administrative Authorities, the project to create the National Authority for Verification and Audit "stems from a political will to endow the government a body that supports state institutions and oversees the proper management of public assets and financial resources ”.
Cameroon has based its action on Article 31 of the EPA Statutes which states that the country is free to suspend EPA operations if they are faced with exogenous shocks. But inside sources at the EU say Cameroon is looking for a way to turn down the EPA as CEMAC countries are suspicious of the...
In the same vein, Cameroon’s Minister of Economy, Planning and Regional Development - Alamine Ousmane Mey - said “We need to strengthen the relationships between national information and statistics institutions and the ECA” because “without data and without information, we cannot evaluate and monitor public policy. We are talking about compiling data, which means integrating...
This is a big step, given that "eTransfer makes it possible to ensure the traceability and availability of real-time monitoring information for banks, public treasuries as well as other economic agents initiating cases. This application also provides access to various reporting states," Tolli said.
As was already the case on August 5, 2020, the Cameroonian Treasury has entered the money market on August 12 with Gabon, also trying to raise 12 billion FCFA, through a 26-week BTA issue. This makes a global envelope of 42 billion FCFA for the two countries, which have been the main promoters of the...
"The aforementioned authorization is granted to the company BANGE Bank Cameroon SA to practice in the banking sector, in strict compliance with the laws and regulations in force", specifies the ministerial decree. After this step, the establishment will have to obtain the approval of the monetary authorities, namely the Central African Banking Commission (COBAC) and...
According to the BEAC, the variation in the prices of basic products between January and March 2020 was marked by a cumulative decline in energy products (-10.3%) and non-energy products, mainly fishery products (-8 %) and to a lesser extent forest products (- 1.5%). On the other hand, the prices of agricultural products exported by...
Equally important, the Minister received a letter from the industry regarding ongoing concerns over forex regulations imposed by the Bank of Central African States (BEAC). On this occasion, he insisted that mitigating the economic and business impact of the Covid-19 pandemic remained a priority in order to ensure sector recovery and investments across the value-chain....
According to the Minister Delegate in charge of the Budget, Ludovic Ngatsé, the global strategy for piloting the 2020-2029 public finance reforms reflects the government's will. "This dynamic of reforms, as you know, reflects the will of the President of the Republic, Head of State, His Excellency Denis Sassou N'Guesso, who never ceases to require...
