Togo: Towards a reform of competition and consumer protection regulations
The Togolese government is moving forward with plans to modernize its competition and consumer protection regulations. During the Council of Ministers meeting on Wednesday, January 22, 2025, chaired by President Faure Gnassingbé, a draft bill was presented for initial review.
This legislative proposal aims to update a framework that has been in place since December 1999, making it more relevant to current economic and regional dynamics.
The proposed reforms align with Togo’s commitments to the West African Economic and Monetary Union (WAEMU) and the Economic Community of West African States (ECOWAS).
They also aim to prepare the country for the operational demands of the African Continental Free Trade Area (AfCFTA), which is expected to significantly boost intra-African trade.
The government recognizes the need for an updated regulatory framework to better monitor corporate practices and enhance consumer protection in Togo.
Officials have emphasized that the revised law will ensure a level playing field for businesses while safeguarding the interests of local economic stakeholders.
The legislation is designed to promote fair competition and foster an environment conducive to sustainable economic growth.
A second review of the bill is anticipated, during which adjustments will be made to reflect the country’s specific needs and priorities.
The government has reaffirmed its commitment to supporting local enterprises and protecting domestic production from external competitive pressures.
“We remain steadfast in our efforts to preserve the entrepreneurial fabric and national production,” stated the government, underlining its dedication to empowering Togolese businesses.
This initiative follows the recent completion of Togo’s second national report on competition, conducted in collaboration with WAEMU. Insights from this report have likely influenced the government’s decision to revamp its regulatory framework.
By balancing economic openness with the need to protect its local businesses and consumers, Togo aims to foster harmonious and sustainable development.
This reform represents a strategic step toward ensuring that the country is well-positioned to thrive in an increasingly interconnected regional and global market.
Chantal TAWELESSI
