Togo’s Economy shows remarkable resilience amid global uncertainty
Despite rising global trade tensions and emerging conflict zones, Togo continues to demonstrate impressive economic resilience, as highlighted during the National Credit Council’s (CNC) second annual session in Lomé. Authorities pointed to encouraging economic performance driven by structural reforms implemented in recent years, which have helped cushion external shocks while fostering inclusive growth.
Through disciplined management and targeted economic policies, the Togolese government has maintained steady progress. Growth projections remain strong at 6.3% for 2024 and 6.2% for 2025.
Finance Minister Georges Barcola noted positive first-quarter 2025 results, including a 5.2% increase in the business activity index for the services sector reflecting a stable macroeconomic environment despite international uncertainties.
Togo to host BlueInvest Africa 2025: Spotlight on sustainable blue economy investments
Access to financing has also improved, strengthening local businesses. Between January and March 2025, Togolese banks injected 286 billion CFA francs (up 19% year-on-year) in new loans, with micro, small, and medium-sized enterprises (MSMEs) benefiting most their share of financing rising from 37% to 44%.
This underscores the government’s commitment to entrepreneurship and broader economic participation.
The CNC also discussed ongoing efforts to streamline and revitalize the financial system, including innovative debt recovery mechanisms for microfinance institutions.
As global challenges persist, the country’s proactive approach offers a model for resilience in an uncertain world.
Kodjovi Makafui
