The Cameroonian government is launching stricter oversight in the gold mining sector to enhance fiscal revenues. The initiative, set to begin on August 1, targets an estimated collection of $680 million in taxes and customs duties from approximately 17.17 tons of gold production projected for 2025 and 2026.
The move comes after authorities identified significant discrepancies between reported gold volumes and actual production. By addressing these gaps, the state aims to secure much-needed revenue that has long been diverted from public coffers.
To enforce these measures, the government plans to deploy rigorous on-site inspections across the sector, where at least 200 licensed companies currently operate. The crackdown reflects a broader commitment to transparency and accountability in one of the country’s most lucrative yet underregulated industries.