According to the Minister of the Economy, Alamine Ousmane Mey, “Cameroon has chosen strategic planning based on results-based management to conduct its public policies. At the heart of this process is the three-year programming of medium-term expenditure frameworks which allow administrations, on the basis of a rational process, to identify projects in line with public...
According to the chief of staff of the Minister of Finance and Budget, Henri Loundou, the actors in the expenditure chain will now have this tool for the commitment of their expenditure, thus marking a big step towards the devolution, not only of the function. authorization, but also the general State accounts in order to...
For the two projects, the banking institution has released an envelope of CFAF 29 billion. A total of 15 billion are intended for the Chadian health authorities in order to better fight against the coronavirus pandemic. But also to better respond to possible diseases that may arise, declared the president of the BDEAC, Fortunato-Ofa MBO...
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...
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