Togo Clears CFA326 Billion in Regional Debt in H1 2026

Finance

Thursday, 02 July 2026 14:02

Togo Clears CFA326 Billion in Regional Debt in H1 2026

(Togo First) - Togo repaid nearly CFA326 billion in debt issued through the West African Economic and Monetary Union (WAEMU) regional government securities market during the first half of 2026. The figures are based on data published by UMOA-Titres and compiled by Togo First.

The repayments included CFA218.76 billion in Treasury bonds (OATs) and CFA106.81 billion in Treasury bills (BATs).

Repayments were concentrated in the first three months of the year. Between January and March, the Treasury repaid nearly CFA195 billion. From April through June, repayments totaled about CFA131 billion. At the same time, the government continued tapping the regional debt market. According to Togo First's compilations, the country raised CFA214.5 billion through various debt issuances between January and June 2026.

The amount represents more than 46% of the government's annual financing target of CFA463.5 billion under its borrowing plan to finance the state's 2026 budget. The borrowing program is expected to continue in the third quarter. In July, Togo plans to raise an additional CFA55 billion on the WAEMU regional market. The proceeds will help finance the country's 2026 budget, which totals CFA2.751 trillion in both revenue and expenditure.

Esaïe Edoh

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.