Objective: Despite the demonstrated benefits of hyperspectral formalism for stem effect corrections in the context of fiber dose measurements, this approach has not been yet translated into volumetric measurements where cameras are typically used for their distinguishing spatial resolution. This work investigates demosaicing algorithms for polychromatic cameras based spectral imaging. Approach: The scintillation and Cherenkov signals produced in a radioluminescent phantom are imaged by a polychromatic camera and isolated using the spectral formalism. To do so, five demosaicing algorithms are investigated from calibration to measurements: a clustering method and four interpolation algorithms. The resulting accuracy of scintillation and Cherenkov images is evaluated with measurements of the differences (mean ± standard deviation) between the obtained and expected signals from profiles drawn across a scintillation spot. Signal-to-noise ratio and signal-to-background ratio are further measured and compared in the resulting scintillation images. Finally, the resulting differences on the scintillation signal from a 0.2x0.2 cm^2 region-of-interest (ROI) were reported. Main results: Clustering, OpenCV, bilinear, Malvar and Menon demosaicing algorithms respectively yielded differences of 3±5%, 1±3%, 1±3%, 1±2% and 2±4% in the resulting scintillation images. For the Cherenkov images, all algorithms provided differences below 1%. All methods enabled measurements over the detectability (SBR>2) and sensitivity (SNR>5) thresholds with the bilinear algorithm providing the best SNR value. Clustering, OpenCV, bilinear, Malvar and Menon demosaicing algorithms respectively provided differences on the ROI analysis of 7±5%, 3±2%, 3±2%, 4±2%, 7±3%. Significance Radioluminescent signals can accurately be isolated using a single polychromatic camera. Moreover, demosaicing using a bilinear kernel provided the best results and enabled Cherenkov signal subtraction while preserving the full spatial resolution of the camera.