The Fiscal and Monetary Policy Sub-Section of the Economic Affairs Division of the Nkafu Policy Institute has a dual mission.
Firstly, it is responsible to analyse and evaluate the effects of the decisions of the Bank of Central African States (BEAC) on access to credit, interest rates of commercial Banks and the evolution of consumer prices in Cameroon.
Secondly, this service analyses all the fiscal laws adopted in Cameroon and the consequences of their implementation on business development.
It currently publishes two analytical reports for policy-makers to implement evidence-based and economically informed policies: These are:
- The Monetary Policy Report
- The Fiscal Policy Letter
The Monetary Policy Report is published quarterly (4 numbers per year) Based on the periodicity of Monetary Policy Committee of the BEAC meetings. The Fiscal Policy Letter is published according to a “monthly” calendar (i.e., at the end of each month).

Dr. Jean Cedric KOUAM
Head of Fiscal and Monetary Policy
Fiscal Policy Letters
FISCAL POLICY LETTER : The Effectiveness of Tax Exemptions in Cameroon
Tax revenues are important resources that governments depend on to promote investment and stimulate economic growth. Taxation offers a better...
Read MoreRethinking Fiscal Policy to Overcome the Debt Problem in Cameroon
Fiscal Policy Letter N06 - After analyzing the viability of Cameroon’s public debt on the basis of the criteria adopted...
Read MoreImproving Financial Inclusion to Broaden the Tax Base In Cameroon
FISCAL POLICY LETTER No5 - The Cameroonian financial landscape comprises a set of actors, some of whom have divergent interests....
Read MoreShould We Consider a Post-Covid-19 Reform of the VAT In Cameroon?
FISCAL POLICY LETTER No4 - The importance of VAT in tax revenue mobilization requires an examination of the Cameroonian tax system,...
Read MoreBarriers to Formalization of Businesses In Cameroon: High Tax Rates
FISCAL POLICY LETTER No3 - To reduce the tax burden on SMEs, which discourages formal private investment and consequently growth...
Read MoreOvercoming the Challenge of Fiscal Transition In Cameroon
FISCAL POLICY LETTER No2 - This second issue of the Tax Policy Letter presents the urgency of successful tax transition...
Read MoreWhat Tax Policy In Cameroon After 2020?
FISCAL POLICY LETTER No1 - While the social costs leave little to be desired, the pandemic equally took a toll...
Read MoreMonetary Policy Reports
An Analysis of the Effects of Oil Price Fluctuations on the Conduct of Monetary Policy in the Economic
MONETARY POLICY REPORTS 002 - In several of these countries, the situation of the oil market largely explains the inflationary...
Read MoreRapport Sur Les effets De La Politique Monétaire De La BEAC Au Cameroun
L’économie camerounaise qui représente plus de 40 % du PIB de la CEMAC, et est la plus diversifiée de la...
Read MoreReport on the Effects of BEAC’s Monetary Policy In Cameroon
The economy of Cameroon accounts for more than 40% of CEMAC’s GDP and is the most diversified in the region....
Read More