Cameroon’s Double Heritage and the Peculiarities of Cameroonian Society

Cultural Heritage and Its Impact on Economic Crimes

Cameroon is a country with a rich cultural heritage, shaped by its diverse ethnic groups and colonial past. This heritage has contributed significantly to the country’s economic development, but it has also created challenges in terms of managing public resources and combating corruption.

Economic Crimes and the Need for Effective Institutional Arrangements

The bill emphasizes the need for effective institutional arrangements to combat economic crimes. It highlights the importance of a credible judicial system, law enforcement institutions, and penitentiary institutions in preventing and punishing economic crimes.

Private Sector Efforts to Combat Economic Crimes

• The banking sector has implemented measures to prevent financial and economic crimes.
• The Professional Association of Credit Institutions of Cameroon (APECA) has abolished counter payments of cheques issued to third parties and requires all cheques to be pre-barred and paid through a bank account.

Government Efforts to Combat Economic Crimes

• The National Programme on the Fight Against Corruption has been implemented to sensitize the public about corruption and to create a national commission with a coalition of partners to manage public affairs.

Challenges and the Way Forward

Despite these efforts, Cameroon still faces significant challenges in combating economic crimes. The country’s unique cultural heritage and its colonial past continue to pose challenges in terms of managing public resources and combating corruption.

In conclusion, Cameroon’s double heritage has both contributed to the country’s economic development and posed challenges in terms of managing public resources and combating corruption. Effective institutional arrangements, private sector efforts, and government initiatives are all crucial in combating economic crimes.