Togo: Adoption of a rectifying finance law to boost economic growth

The Council of Ministers convened on Monday, December 16, 2024, under the leadership of His Excellency Faure Essozimna Gnassingbé, President of the Republic. A key item on the agenda was the review and adoption of the revised Finance Bill for 2024, a strategic document crafted with a focus on budgetary accuracy and transparency.

This adjustment to the Finance Bill comes amid economic uncertainties at both regional and international levels, yet with optimistic projections for Togo’s national economy.

Growth is anticipated to reach 6.6% by the end of 2024, an increase from 6.4% in 2023. This promising outlook is driven by the dynamism of key sectors, reflecting the government’s relentless efforts to boost economic development.

The revised Finance Bill underscores the Togolese President’s commitment to prudent fiscal management while remaining responsive to global economic shifts.

It also highlights the country’s ambition to build on its achievements and pursue critical reforms aimed at enhancing economic resilience against external shocks.

With sustained growth, Togo continues to strengthen its position as a key player in West Africa, combining effective governance and strategic vision to meet the needs and aspirations of its people.

Kodjovi Makafui