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Government launches festive season sales to fight speculation

Government launches festive season sales to fight speculation

Paru le jeudi, 14 décembre 2023 12:56

A few days ago, the Ministry of Commerce (Mincommerce) launched a special operation to sell consumer goods across the country in the run-up to the festive season. In Yaoundé, Boulevard du 20 mai, the MEEC crossroads, and the Ekounou town hall are the various points of sale where people can find a wide range of products at affordable prices.

The same operation has also been running since December 12 in Maroua, the regional capital of the Far North. This promotional sale, which runs until December 23, is organized in partnership with local economic operators at the city's Lamidat esplanade. In a press release issued on December 8, the regional trade delegate Boubakary Abdoulaye encouraged the community to fully embrace this initiative in coordination with the Lamido of Maroua

Similar operations are either underway or scheduled in various towns and regions across the country. For several years, Mincommerce has been organizing promotional sales of essential products, especially aimed at curbing speculation during the high-demand festive end-of-year period. The objective is to provide consumers with the most competitive prices on a broad selection of food products. This special operation takes place against a backdrop of rising food prices, estimated at 13.3% in August 2023 by the National Institute of Statistics (INS). Moreover, it addresses the primary source of inflation, reaching an annual average of 7.8% by the end of August, surpassing the 3% community threshold set by CEMAC.


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