By
Sylvanus Ezieh in Yaounde
Government has begun paying back economic operators
who bought treasury bonds during the 2013 financial year. According to the
director general of treasury and monetary cooperation in the ministry of
finance, Moh Sylvester, at least 1/5 of the 80BFCFA that was raised from the
treasury bonds has already been paid out to the subscribers. He added that it
is government’s intention to pay at least 1/5 of the money every year.
Moh was speaking to journalists November 17, shortly
after an opening ceremony to elect representatives of the bond subscribers who
shall liaise with government within the next five years to ensure the effective
payment of the money. “Those who shall be elected today would represent their
peers by following government up and to endeavor that government pays them the
money in time.” Moh said.
Meanwhile, the minister delegate in the ministry of
finance, Pierre Titi who chaired the ceremony disclosed that government needed
an additional 150BFCFA to be able to meet up with the financial task. He named
several projects currently going on like the Kribi dip seaport, the Kribi gas
plant and others which he said needed money to get them through.
In 2010, government raised some 200 BFCFA from the
sale of treasury bonds at an interest rate of 5.6%, while the 80 BFCFA raised
in 2013 was given at an interest rate of 5.9%.
Meantime the following were elected to represent the
subscribers in discussions with the government: Mandeng Georges, Mvogo Bernard,
Souop Sylvain, Evina Akono, Tamambang, Becke Itoe, Ndzana Pierre, Monkam Siewe,
Nitcheu Marie, Kom Justin and Deumo Rep Famille Muderbeb.
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