Togo : Government keeps legal rate of interest at 4.5%

Finance
Thursday, 14 February 2019 16:49
Togo : Government keeps legal rate of interest at 4.5%

(Togo First) - In Togo, the legal rate of interest applied in 2019 was kept at 4.5%. This was announced by the government following the council of ministers held in Tabligbo, in the Yoto prefecture, about 90km from Lomé.

The rate which stood at 3.5437% in 2017, was increased to 4.5% in 2018.

Implemented within the WAEMU to help calculate, in the absence of special stipulations, damages and interests owed by a lender who failed to pay a debt on time, the legal rate of interest in Togo is set by the government for a given calendar year.

Fiacre E. Kakpo

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.