DGTCFM at glance
The General Directorate of the Treasury and Financial and Monetary Cooperation (DGTCFM) of Cameroon is one of the four General Directorates created by Decree No. 2005/119 of 15 April 2005 on the Organization of the Ministry of Economy and Finance. This is the name that was maintained with the decree of 30 November 2008 on the Organisation of the Ministry of Finance, which has not really made any changes to its missions.
The DGTCFM fulfils the following missions:
- Execution of the budget and keeping of the State Accounts, Decentralized Territorial Communities and Public Administrative Establishments;
- Public Treasury Management;
- Public debt management;
- Issuance and management of public securities with free subscription;
- Regulation and Control of Banks, Microfinance Institutions and Insurance Companies;
- Control of Revenue Agencies and other bodies benefiting from State subsidies.
For the execution of these missions, the DGTCFM includes:
- central services based in Yaoundé which, on behalf of the Director General, are responsible for steering, leading and coordinating the actions of the Treasury’s network of accounting posts and other decentralised services;
- decentralized services located throughout the country, mainly consisting of the network’s accounting posts and the regional monetary affairs and insurance services;
- external services constituted by the Treasury’s accounting posts located in Cameroon’s diplomatic or consular missions abroad.
The Treasury network currently includes nearly 500 accounting positions. The main accountants and State Centralizers are: The Central Accounting Officer of the Treasury, the General Payer of the Treasury, the General Paying Treasurers who are 11 in number.
In addition, the Municipal Receivers from Decentralized Territorial Communities, the Accounting Officers from Public State Institutions are appointed from among the Treasury’s accountants.