Cameroon increasing gold reserves in BEAC

BY NDUMBE BELL JOSEPH GASTON IN DOUALA According to reports the state is in the process of increasing the country’s gold reserves with the Central Bank. About 778.04 Kilograms of fused gold (with other elements / substances) had to undergo a refining process to residue 500 24 carat gold ingots weighing 500.86 kilograms. The result is the co-operation between the Ministry of Mines and the Ministry of Finance (and an enabling refining Company) empowered by decree of June 1, 2015 for the purposes of constituting state reserves. The declaration was said to have been made by the Acting Minister of…