Togo amends, again, the cap on prices of local and imported goods

Economic governance
Thursday, 12 May 2022 16:58
Togo amends,  again, the cap on prices of local and imported goods

(Togo First) - The Togolese ministry of trade has fixed a new ceiling on prices of necessities–VAT-exempt local and imported goods. The move follows the new increase in the price of petroleum products, due to a shift in oil and dollar rates, according to the government.

In detail, a 2.5 kg bowl of corn will now sell for 650 CFA francs in Greater Lomé and the Maritime region, 550 CFA francs in the Plateaux, 700 CFA francs in the Central region and Kara, and 600 CFA francs in the Savanes.

As for imported products exempt from VAT (vegetable oil, condensed milk, concentrated tomatoes, wheat flour, imported rice), their price remains the same throughout the country. 

The changes are part of the government’s recently-adopted measures (April 28) to tackle inflation and bolster the purchasing power of residents. The regular price update was announced by the ministry of trade.

Ayi Renaud Dossavi

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