A Post-Mortem Analysis of Privatisation in Cameroon: Fiscal and Structural Perspective

Abstract

Perhaps, it would sound profoundly erroneous to assumed a status quo of privatisation as a Post-mortem perspective considering that the scheme is largely incomplete. The current trends in the debate revealed no claim to reject the fact that there has been an insufficient initiative by the government of Cameroon to expedite the transfer of ownership of nationalised corporations as prescribed by the presidential ordinance of 1990 and 1994. In the midst of these diverse political and economic motivations, government resentment to privatise has been interpreted from varied standpoints. One thing is clear, privatisation in Cameroon has suffered unprecedented setbacks which perhaps has not only limited government participation in economic activities but is behind the policy objectives lines.This study is seemingly first of it kind to address the notion of ownership consciousness as a product of the dismal fiscal and structural outcomes of the privatisation process in Cameroon.With the used of multiple regression analysis, the results are statistically conclusive that changes in ownership of nationalised industries have not yet led to any significant fiscal gain both in the short-term and long-term perspective, but there is an overwhelmed influence by Private foreign investors as oppose to the much needed indigenised ownership in the appropriation of property rights in the privatised sector of Cameroon economy .