Togo: The national economy remains resilient despite disruptions (Government)
According to analyses from the Togolese Minister of Economy and Finance, Georges Essowè Barcola, the Togolese economy remains resilient despite national and international events that could disrupt the normal course of economic growth. He spoke during the latest session of the National Credit Council (CNC), a Togolese observatory monitoring the economic developments in Togo.
According to the government, represented by the Minister of Economy, successive shocks such as the health crisis, security challenges, and geopolitical issues, along with the reforms implemented in recent years, particularly within the framework of the government’s 2025 roadmap, have not hindered the country’s economic growth. Thanks to the government’s efforts, under the leadership of President Faure GNASSINGBE, the economic growth rate outlook remains strong.
It should be noted that for 2024, an economic growth rate of 6.6% is expected, after achieving 6.4% in 2023 and 5.8% in 2022. To achieve this, the government is focusing on all economic sectors, particularly the tertiary sector, which the executive considers to be the key driver of economic growth. Continuing reforms is therefore crucial for the government to reach its anticipated goals.
For the Togolese executive, it is essential to implement necessary reforms that can facilitate the mobilization of resources for financing development projects, increase funding for SMEs, develop financial models for housing promotion, continue mechanizing the agricultural sector, and improve the quality of financial products and services.
