Covid-19 has affected 62% of jobs in Togo

Economy
Monday, 17 August 2020 17:16
Covid-19 has affected 62% of jobs in Togo

(Togo First) - In Togo, the anti-covid-19 measures affected around 62% of jobs. The figure was revealed in a World Bank report published recently. 

The document also highlights a fall in production and sales across many sectors. Among the latter, the services sector is the most affected by the pandemic with 49% of jobs affected. The remaining 13% of jobs affected are in the industrial sector, retail, construction, and tourism. 

The World Bank’s findings align with those of the Central Bank of West African States (BCEAO) which reported that the tertiary sector is the most hampered by the coronavirus crisis in the West African Economic and Monetary Union (WAEMU). For Togo, whose economy is mainly tertiary and where services spearhead growth (airport and port activities), the situation is particularly challenging. 

However, the Togolese government, well aware of the challenge it faces, launched last week a tax relief mechanism which covers sectors most affected by Covid-19. 

Ayi Renaud Dossavi

 
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