Cameroon will borrow 300 billion CFA francs on capital markets in 2016

Mar 08, 2016

The government is turning to the markets to meet this year's budget.

Cameroon's government is turning to the financial markets to meet this year's budget. The Ministry of Finance has received formal approval from President Paul Biya to raise 300 billion CFA francs (€458 million) on capital markets in 2016.

Cameroon has made ??its first issuance of government securities in January 2016 to raise seven billion CFA francs.

According to Cameroon's provisional calendar, between 52 and 57 billion CFA francs should be raised in the first quarter of 2016 on the regional market.

Cameroon has one of the lowest national debts in Africa, according to a new study from financial data provider Dealogic. Its debt currently represents 36 per cent of its GDP, a level slightly under that of 2005 (40.7 per cent),

On the other hand, Ghana's debt to GDP ratio currently stands at 72.8 per cent, well above its 2005 rate (48.6 per cent).ADNFCR-2976-ID-801814171-ADNFCR