Togolese government launches a project to better manage public finances

Economic governance
Thursday, 09 February 2023 19:29
Togolese government launches a project to better manage public finances

(Togo First) - Togo launched on February 8, 2023, the Good Financial Governance (GFG) project. As its name suggests, the project’s purpose is to support Lomé’s ambition to better manage and monitor public finances, and deal with corruption. 

The project will mainly help steer reforms related to public finances, in tandem with the ministry of finance. It should also help boost the capacities of the Tax Office’s fiscal policy unit.  Consequently, the State will be able to better mobilize public funds and tackle issues that impede Togo’s fiscal system. 

“Good public finance management is crucial, especially considering the fact that public resources are limited, and also the current economic tensions and crises,” said the Secretary General of the Ministry of Economy and Finance, Tchassow Kpobie Akaya. He added that the GFG project will help Togo meet new challenges and bolster the partnership for reforms, with a focus on development.

The Good Finance Governance project is financed by Germany’s ministry for economic cooperation and development (BMZ). The European ministry pumped €9.5 million into the project. 

Esaïe Edoh

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