Devaluation yields mixed results. (Cameroon)

From: African Business | Date: May 1, 1994| Author: Misser, Francois | Copyright information

The devaluation of the CFA franc has resulted in mixed results in Cameroon. Local producers of cocoa and coffee have seen the doubling of prices that would surely increase their revenue. The devaluation will eliminate the need for huge government subsidies to the farm sector. However, consumer-oriented industries whose inputs are mostly imported have been adversely affected by the economic policy. In fact, such basic goods such as wheat flour, equipment and medicines are imported and have gon...

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