Business

Cameroon – Business: Cameroon is ranked among the “most draconian” in economic matters

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Written by Deckson N.

In the 2016 Index of Economic Freedom of the Heritage Foundation and the American newspaper The Wall Street Journal, Cameroon is ranked as “almost draconian.” Cameroon is thus at the 130th out of 178 economies worldwide noted. The country obtained a score of 54.2 out of 100 points ahead of Niger and just after Vietnam. According to the Economie daily of 20 October 2016, several indicators were considered bad.

For example, the rule of law, which includes property rights (125th with a score of 25 out of 100) and corruption (142nd with a score of 27 out of 100). These evaluators note that corruption is common in all areas, from school administration to the payment of infringement fines on the road. Also, oil gas and mining revenues are not declared in transparency. “An anti-corruption campaign of the government was used to eliminate potential political opponents. The protection of intellectual property rights is weak and the legal system is inefficient, slow and vulnerable to political interference, “notes the US report.

In this ranking, among others, Cameroon occupies the 165th place worldwide, for a score of 46.9 out of 100 in the context of freedom of business. As for freedom of work, the country is in the 140th place for an average of 48.9. The index of economic freedom was also interested in the ease of doing business. This includes the free market (161st with a score of 61.6/100) and financial autonomy (72nd place with a score of 75.6 out of 100. Over 100 public enterprises disrupt investment in industries that include energy and telecommunications. The report notes that credit is expensive, and short-term loans dominate the market for loans, non-bank financial sector remains insignificant and the stock market capitalization is modest.

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Deckson N.

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