More than 85% of businesses active in Togo operate in the informal sector

Economic governance
Monday, 24 June 2019 17:52
More than 85% of businesses active in Togo operate in the informal sector

(Togo First) - A total of 115,880 businesses are currently active in Togo. This figure was disclosed last week by the national statistics institute, INSEED, quoting the latest global business survey carried out across the country.

The survey found that 85.5% of the listed businesses operate in the informal sector.

In details, the Grand Lomé region hosts most businesses operating in the country (63.4%). Nipping at its heels is the Plateaux with a percentage of 10.1%, the maritime region (outside Grand Lomé) with 8.3%. Closing are respectively Kara, the Central region and the Savanes region with 6.8%, 6% and 5.4%. 

Launched between January and March 2018, by the ministry of planning, development and cooperation, the study aimed at providing the government with an updated registry of businesses operating in the country. The drive behind this move was the improvement of business climate and achievement of goals set under the national development plan (PND).

The initiative was financed by the government, European Union and the World Bank (all three parties gathered XOF960 billion for this purpose).

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