{"id":468642,"date":"2020-10-22T13:16:06","date_gmt":"2020-10-22T12:16:06","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=468642"},"modified":"2020-10-22T13:16:06","modified_gmt":"2020-10-22T12:16:06","slug":"cameroon-gicam-calls-for-economic-reforms","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/10\/22\/cameroon-gicam-calls-for-economic-reforms\/","title":{"rendered":"Cameroon: GICAM calls for economic reforms"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Groupement inter-patronal du Cameroun (GICAM) has just published a White Paper in which it ardently suggests the reform of the national economy by putting a point of honor on industrial development.<\/p>\n<p>The document which the Prime Minister Joseph Dion Ngute qualified as being &#8220;an original, impressive, rich and useful contribution&#8221; devotes an important place to the need to develop an economic policy based on industrialization considered by the creators of wealth as a necessary step. towards an emerging economy.<\/p>\n<p>According to the President of GICAM, C\u00e9lestin Tawamba, \u201cthe White Paper establishes a flagship commitment of its executive and will henceforth serve as a breadcrumb trail for the Group&#8217;s advocacy. It is the result of a participatory process which involved all the committees active within the Patronage &#8220;.<\/p>\n<p>Subtitled &#8220;The industrial imperative of Cameroon&#8221;, the document returns in particular to the choices of priority sectors of the Master Plan for Industrialization (PDI) which places an emphasis on agro-industry, transport and energy, in particular. proposing priorities in transversal and sectoral variations such as taxation, governance, financing and above all a reform of public-private dialogue.<\/p>\n<p>So far, the government\u2019s target of transforming at least 30% of raw materials locally is far from being achieved, worsening the trade deficit. According to the World Trade Organization (WTO), the trade balance is structurally negative. In 2018, Cameroon recorded a trade deficit of 533 million dollars and over the period indicated, the country imported 6.12 billion dollars of goods against 3.80 billion dollars for exports.<\/p>\n<p>In a difficult economic environment reinforced by the health crisis linked to the Coronavirus, investors expect, for example, that the next finance law will give a breath of fresh air to companies, 96.6% of which are impacted by the Cvodi -19, reports a study by GICAM. The situation is more dramatic for small and medium-sized enterprises (SMEs) which constitute more than 90% of the economic fabric of the country, of which more than 10,000 production units could go bankrupt while more than 70,000 jobs are threatened.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Groupement inter-patronal du Cameroun (GICAM) has just published a White Paper in which it ardently suggests the reform of the national economy by putting a point of honor on industrial development. The document which the Prime Minister Joseph Dion Ngute qualified as being &#8220;an original, impressive, rich and useful contribution&#8221; devotes an important place<\/p>\n","protected":false},"author":536755,"featured_media":468643,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[15971,12046],"tags":[12599,16567,1868],"class_list":["post-468642","post","type-post","status-publish","format-aside","has-post-thumbnail","category-industry","category-leaders-en","tag-cameroon-en","tag-economic-reforms","tag-gicam","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cameroon: GICAM calls for economic reforms - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2020\/10\/22\/cameroon-gicam-calls-for-economic-reforms\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-22T12:16:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2020\/10\/Sie\u0300ge-du-Gicam-1-696x463-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Achille Mbog Pibasso\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Achille Mbog Pibasso\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/\"},\"author\":{\"name\":\"Achille Mbog Pibasso\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/8d132772bfae769afd28ca776bc57f28\"},\"headline\":\"Cameroon: GICAM calls for economic reforms\",\"datePublished\":\"2020-10-22T12:16:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/\"},\"wordCount\":334,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Sie\u0300ge-du-Gicam-1-696x463-1.jpg\",\"keywords\":[\"Cameroon\",\"economic reforms\",\"GICAM\"],\"articleSection\":[\"Industry\",\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/\",\"name\":\"Cameroon: GICAM calls for economic reforms - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/10\\\/22\\\/cameroon-gicam-calls-for-economic-reforms\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Sie\u0300ge-du-Gicam-1-696x463-1.jpg\",\"datePublished\":\"2020-10-22T12:16:06+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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