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EN
Cameroon’s Financial Sector Grows 6.5% in Five Years but Fails to Drive Economy
['Business In Cameroon', 'Economie', 'Banking', 'Energy', 'Comms', 'Media', 'Law', 'Insurance', 'Public Management']
Business in Cameroon
(Business in Cameroon) - Cameroon’s financial sector grew 6.52% on average from 2019 to 2024 but still accounts for only 2–3% of GDP.
Cameroon’s financial sector grew at an average annual rate of 6.52% between 2019 and 2024, according to national accounts published by the statistics agency INS.
The expansion supported a 4.2% rise in the services sector in 2024.
Yet this growth is concentrated in urban areas, limiting its effect on national financial inclusion.
Meeting the national SND30 strategy target of 8% average growth will require a more proactive financial sector.
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