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Cameroon – Customs: Cameroon Customs registers a net growth in First Quarter 2017

Cameroon Customs Revenue Growth in First Quarter 2017
Written by Deckson N.

In spite of an unfavorable environment, characterized in particular by the contraction of commercial flows and the maintenance of lower prices of hydrocarbon products on the international market, the General Directorate of Customs (DGD) is rather good in the public coffers.

In the first quarter of 2017, the DGD has accumulated receipts (cash basis) of 179.77 billion FCFA against 176.834 billion FCFA in the same period in 2016. An upward trend of 2.939 billion FCFA. For the month of March 2017 alone, CFAF 67.563 billion is forecast for CFAF 92.438 billion of customs revenue. Or, a realization rate of 137%. This performance is supported by a set of arguments, according to the DGD. This includes improving the handling of goods and maximizing the collection of customs duties and taxes.

In cross-reading, according to the DGD, if Coastal I and II Customs sectors continue to dominate performance as in previous years, the Far North region has a remarkable life of phoenix (1.29 billion 950 million FCFA expected). The security of borders with Nigerian neighbors and their gradual opening to cross-border trade have enabled the Customs revenue collection and collection units to put a premium on value for money.

Controls on the movement and possession of goods in the customs department also resulted in a significant share of resources, as well as an improvement in the quota for legitimate trade.

Via IC

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Deckson N.