Cameroon is set to implement further fuel subsidy cuts in 2025, leading to increased fuel prices for consumers.
This move aligns with recommendations from the International Monetary Fund (IMF) to address economic challenges.
While the government aims to improve fiscal sustainability, the decision is expected to impact consumers already grappling with rising living costs.
However, experts believe that the long-term benefits, such as improved resource allocation and sustainable energy practices, may outweigh the short-term challenges.
To mitigate the impact of higher fuel prices, the government has implemented measures like increasing civil service wages and the minimum wage.
It remains to be seen whether additional measures will be introduced to cushion the blow for consumers.
Despite the economic challenges, Cameroon’s economy is projected to grow in 2025, fueled by growth in the agriculture, mining, and forestry sectors.
The government also anticipates a decrease in inflation rates.
