BCEAO works to provide 75% of WAEMU population access to financial services, in the next 5 years

Banking
Wednesday, 05 December 2018 11:39
BCEAO works to provide 75% of WAEMU population access to financial services, in the next 5 years

(Togo First) - In the WAEMU, 75% of adults should have access to appropriate and cheap financial services over the next five years. The region’s central bank, BCEAO, is doing everything to achieve this objective.

In Togo, on the sidelines of the financial inclusion week, Kossi Tenou, national director of the BCEAO, declared: “Our regional financial inclusion strategy mainly aims at ensuring, over the next five years, that 75% of WAEMU’s adult population has access to and uses a diversified range of affordable and appropriate financial services and products”.  

Though the financial inclusion rate in ECOWAS remains modest, “over the past years, significant efforts have been made, in WAEMU especially”, BCEAO’s national director said.  

In Togo, access to financial services recorded a recent boom. According to relevant sources, about more than 2/3 of population of more than 15 years old benefit from the services.

Séna Akoda

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