"If I take the case of oil, we have made our 2020 finance law on an assumption of a barrel at 54.4 dollars. There we are at less than 30 dollars. You understand that the consequence is immediate, "Minister of Finance Louis Paul Motaze said during the third Extra-ordinary session of the steering committee of...
The opacity in their management fueled by the eternal conflict between on the one hand their social and political functions and on the other hand, their economic missions, makes them almost all incapable of being forced to comply with the transparency requirements of the financial markets. It was one of the big announcements of the...
The “reasonable” deadline fixed at CEMAC and BEAC by the Heads of state of the sub-region to propose a reform plan for the common currency is clearly not yet exhausted. On November 22, 2019, the heads of state of the countries of the Central African Economic and Monetary Community CEMAC (Paul Biya from Cameroon, Faustin...
The country has complied with Community regulatory requirements for securing the reimbursement of these securities. The President of the Central African Banking Commission COBAC, also Governor of the Bank of Central African States BEAC, Abbas Mahamat Tolli, wrote to the Minister of Finance of Cameroon, Louis Paul Motaze, on May 4, 2020, to signify his...
The grant contract was signed on May 18 between the Minister of the Economy, Planning and Regional Development and the French Development Agency, as part of the development and debt reduction contract. The Minister of Economy, Planning and Regional Development MINEPAT, Alamine Ousmane Mey and the French Development Agency (AFD), signed this May 18, a...
This represents an increase of 35% compared to those generated at the end of 2018 (9.5 billion FCFA). The reserves of the countries of the Economic and Monetary Community of Central Africa (CEMAC), deposited with the French Treasury, generated 13 billion FCFA of interest in 2019. This performance was made possible thanks to “a significant...
In a circular signed on May 13, the Minister of Finance, Louis Paul Motaze, set the terms of the government measure suspending, for the second quarter, accounting audits within Cameroon companies due to coronavirus. According to this circular, this suspension covers the period from April 1 to June 30, 2020. During this interval, no general...
The Ministry of Economy and Finance reports on the effectiveness of payment of arrears for the second quarter of 2015 of the Performance Incentive Bonus (PIP) of health personnel. More than 3 billion CFA francs have been released. This operation, which was carried out on Friday, May 22, 2020, concerns all of the beneficiaries, that...
This information comes from the National Hydrocarbons Company (SNH). The National hydrocarbon company recently released the figures for profits made by Cameroon in the context of transit rights on the Chad-Cameroon pipeline in 2019. According to SNH, the country of Paul Biya has collected the sum of 36 .5 billion FCFA. “This upward growth is...
