CEMAC tinkering with mediocrity

BY NDUMBE BELL GASTON Reports coming from CEMAC financial circles since March 31 to July 2019 show some positive strides but much remains to be done, especially in the aspects of structural reforms, BEAC international funds transfer restrictions, and the shortages experienced in enabling foreign exchange to back up production and maintenance of domestic suppliers. At the 9th ordinary session of the CEMAC Economic and Financial Reforms Programme also known as PREF-CEMAC, Henry Claude Oyima, formely PDG of BGFI Bank, and Jean Claude Ngbwa, former president of the Financial Markets Commission, the then regulatory body of the Douala Stock Exchange,…