Bank lending to non-residents increased 39% from 2019 to 2020

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REFORM OVERVIEW

OPEN A SHOP (More info)

Fifteenth in the world and first in Africa among the Open a business Togo holds its index of the Doing Business Ranking 2020 Reformative dynamic with further reforms ….

ENFORCEMENT OF CONTRACTS (More info)

Compared to a few years ago, when it was still one of the lowest places under the indicator for the enforcement of contracts by Doing Business, Togo has been able to jump significantly on the index in recent years thanks to many efforts to improve its business climate … .

CONTRACT EXECUTION (More info)

Creation of special chambers of commerce for small debts set a maximum period of 100 days.

TRADE BEYOND BORDERS (More info)

Compared to previous years,Togo got its ranking below the“Trade across borders” Indicator through the adoption of several reforms, mainly focusing on digitization and reducing delays for import and export procedures related to import and export.

Compared to previous years, Togo got its ranking on the “Trade across borders” Index by adopting several reforms mainly focused on digitization and reducing delays for import and export procedures related to import and export.

BUILDING PERMIT (More info)

After jumping from 133rd to 127th place in the Doing Business building permit index 2020, Togo intends to repeat this feat in the upcoming edition of the global ranking. To this end, it has introduced several reforms this year.

GET POWER (More info)

Over the past two years, Togo’s rank among the indicator for the procurement of electricity and water in the doing business has continuously improved. Due to several reforms aimed at making it easier for businesses to access electricity and water, Lomé plans to introduce more reforms this year to keep its improvements going.

REGISTRATION OF A PROPERTY (More info)

Of all the “Doing Business” indicators, Togo has improved the most in terms of property registration since 2018. In fact, after spending years in the bottom of this ranking, the country is trying to beat Rwanda, which does best in this index in Africa. To that end, Lomé has introduced many reforms, with the latest batch being implemented this year.

PUBLIC PROCUREMENT (More info)

Public procurement in Togo is constantly being modernized, from professionalization and digitization to legal regulations. Several reforms have been carried out to improve the sector for the benefit of the private sector, which is at the heart of the National Development Plan.

PAY AND TAX AND (More info)

To improve its business environment, Togo introduced some important reforms related to the payment of taxes and duties. From the replacement of some taxes to the removal of others with tax exemptions, the country has only one goal: to offer investors and economic operators the most attractive tax framework. In order to achieve this, the authorities are relying on digitization.



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