Cameroon has initiated efforts to reclaim millions of dollars in unpaid taxes on gold exports. The move follows revelations from the 2023 Extractive Industries Transparency Initiative (EITI) report. This report highlighted significant discrepancies between officially declared gold volumes and the actual amount shipped from the country. Authorities haven’t disclosed the exact amount of owed taxes, but indicated the gap is substantial. The government aims to improve transparency and accountability within the gold export sector. This crackdown signals a commitment to maximizing revenue from natural resource extraction. The initiative seeks to address longstanding issues of potential tax evasion in Cameroon’s gold industry.

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