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Cameroun Loses 20 Billion FCFA During Ghost Towns Days

 

 

It is estimated that Cameroon loses at least 20 billion FCFA every day during ghost towns and that these strikes are depriving the treasury of 195 million FCFA every day in lost customs revenue alone per estimates by Eyembe and colleagues.

The South West region alone generates 45% of Cameroon’s foreign exchange earnings. This is a very significant daily loss, especially given the very low commodity prices internationally and the decreasing revenue from oil rents.

Revenues for 2016 were already significantly lower compared to 2015 and the external debt is at an astounding level of 27% of GDP.

There has already been severe pressure from the International Monetary Fund (IMF) to devalue the currency. The lack of free movement of goods and peoples eliminates daily revenues from tolls.

Every Cameroonian knows that the vast majority of toll revenue ends up in private pockets; even if only 10 percent made its way into government coffers, the result would be significant.

The ghost towns only make it more likely that government will run out of money to meet its basic obligations, a situation that nobody wants. We need level-headed, clear thinkers to start solving this problem before we go down a path of no return.

Source: Nkafu Policy Institute

4 Comments

4 Comments

  1. Mbeuh

    January 24, 2019 at 1:43 AM

    Any wonder why Biya is trying so hard and killing our people, including toddlers, to hold on to his cash cow Ambazonia under the guise of a ‘one and indivisible Cameroon’? E go hard for him after we leave. Wicked man.

    • Coni man die coni man bury ee

      February 2, 2019 at 10:59 AM

      Which your people? Those you have ransacked their future and sent them in the bushes. Which your people? Those you have hoodwinked, and snatched the last dime from their pockets to enrich yourselves? Which your people? Those you have sent to fare well in the slaughter house with tcha’vems and odeishi? Which your people nor this man?

      Anyway, some of us including Ma Kontri Pipol Dem, jojo, MFB and others have done a tremendous job on social media to open the eyes of our Anglophone bros, and many have long stopped dreaming about your imaginary republic, governed by some Lilliputians in the likes of the short Aya Cho.

  2. Jason

    January 24, 2019 at 5:39 AM

    One thing I can tell fellow Ambazonias is that “when the wind of change blows, some people build walls while others build wind mills”
    Let us try to build a wind out of this situation LRC is finding himself in.

  3. MamiFineMbombo

    February 1, 2019 at 4:56 PM

    THANK GOD FOR AMABAZONIA WITCH ODESHIT JAZZ SCIENCE FICTION PUTATIVE REPUBLIC.LET US STAY HOME AND EAT EACH AND LET THE ECONONOMY SLIDE DOWN THE PATH OF NO RETURN.WE ARE`ON OUR WAY TO REGAINING OUR NATURAL HABITAT WHEN THE WHITE MAN DISCOVERED US 100 YEARS AGO:NO CLOTHES,SHITTING ON OURSELVES, BIG BLACKHORSES HANGING BETWEEN OUR THIGHS, LIVING IN HUTS AND TREES AND BUSHES,FUCKING IN THE OPEN AND IN THE BUSHES,SPEAKING MONKEY AND BABOON LANGAUGAE OBUGA BUGA BUGA!!NOW SOME OF YOU LIKE THE BIG HEAD UGLY NIGGER MARK BARA AND THESE ARMED BANDIT ZONIA PEOPLE ARE GLOATING ABOUT THE ECONOMY LOSING 20 BILLION?LET US JUST LET IT CRUMBLE OR COME DOWN CRASHIGN AFTERALL WHAT HAS THE BLACK MAN EVER INVENTED IN THIS WORLD OR DONE FOR THE GOOD OF HUMANITY?THE SOONER WE BLEED LIFE OUT OF THE NORTH WEST AND SOUTH WEST THE SOONER WE’LL HEAD TO OUR NATURAL STATE WHEN THE WHITES DISCOVERED US.THANK YOU AMBZONIA POOR DIRTY LAZTY MONKEYS!LONG LIVE THUGS AND ARNED RUBBERS,LONG LIVE VANDALS AND ATNIDEVELOPMENT AGENTS WHO CUT RODA AND DESTROY EVERYTHING THEY SEE,LONG LIVE ILLITERATES AND EDUCATED FOOLS WHO BRUN DOWN SCHOOLS AND CLOSE SCHOOLS,LONG LIVE PYROMANIA,LONG LIVE SATAN NYONGO PEOPLE AND ODE SHIT ODESHIT ODESHIT.LONG LIVE NIGGERS WITH BIG BLACKHORSES FROM THE AFRICAN JUNGLE!!!PIECES OF SHIT.

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