(Togo First) - Togo is overhauling its competition and consumer protection framework with the Council of Ministers adopting a draft law on Wednesday to align regulations with recent economic developments.
The move comes as trade flows intensify, economic activity becomes increasingly digital, and the country deepens its commitments under WAEMU, ECOWAS and the African Continental Free Trade Area (AfCFTA). The current framework, based on a 1999 law, is now considered ill-suited to market changes.
“It has become necessary to modernize the national legal framework applicable to competition and consumer protection,” the government said. The draft law aims to strengthen market rules while ensuring secure transactions.
The legislation guarantees freedom of trade and pricing while regulating anti-competitive practices. It specifically targets cartels, abuses of dominant position and mergers.
It also introduces measures to improve consumer information, enhance transaction transparency and combat unfair practices.
Institutionally, a national commission for competition and consumer protection will be created to ensure effective enforcement of the rules, according to an official statement.
The executive said the reform, which will be submitted to parliament, will strengthen confidence in markets. “The adoption of this text will help improve the transparency of economic relations, ensure secure commercial transactions and strengthen Togo’s attractiveness to investors,” the Council of Ministers said.
The reform is expected to support the competitiveness of the Togolese economy in an increasingly integrated and competitive regional environment.
Ayi Renaud Dossavi