Togo: Ministry of Trade seizes 40 t of corn

Economic governance
Monday, 06 June 2022 18:13
Togo: Ministry of Trade seizes 40 t of corn

(Togo First) - Forty tons of corn were seized by the Togolese Ministry of trade last Wednesday night. The seizure aligns with the government’s efforts to fight the high cost of living in Togo and secure stocks of necessities.

"In June, the government issued a regulation for the export of necessities, including corn," said Kodjo Adedze, Minister of Trade, before noting the violation. "Here you have a truck of 40 tons that tried to leave the country fraudulently even if last May 16 we issued a legal basis that regulates the exit of necessities to avoid shortage and mitigate the inflationary effect which we currently experience," the official added.

Authorities were able to proceed to the seizure following an alert via the toll-free number 8585. This number is used to report any irregularity in the commercial field.

Besides measures such as the recent seizure, the Togolese government also capped the prices of certain products, and kept regulating their export, among other measures.

Ayi Renaud Dossavi

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