Togo : BCEAO confirms surplus balance of payments in 2017

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Thursday, 04 July 2019 16:19
Togo : BCEAO confirms surplus balance of payments in 2017

(Togo First) - The Central Bank of West African States (BCEAO) organized last week the ninth day dedicated to the diffusion of Togo’s external accounts results for 2017.

According to the apex bank, the country’s balance of payments that year was in surplus, just like in 2016, with respective amounts of XOF10.113 million and XOF67.15 million.

External trade of Togo also recorded a surplus of XOF85.315 million.

Meanwhile, a program backed by the IMF’s extended credit facility over the 2017-2019 period was launched. Paired with this, reforms and projects to improve roads were initiated.

Besides Togo, within the West African Economic and Monetary Union, trade balance was in surplus in Côte d’Ivoire and Senegal as well.

Ayi Renaud Dossavi

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