Badanam Patoki, Secretary General of The Togolese Ministry of Finance takes over CREPMF, the regulator of regional debt market

Finance

Monday, 03 May 2021 18:47

Badanam Patoki, Secretary General of The Togolese Ministry of Finance takes over CREPMF, the regulator of regional debt market

(Togo First) - Badanam Patoki is the new chairman of the Regional Council for Public Savings and Financial Markets (CREPMF). This was disclosed on the official website of the regulator of WAEMU’s debt market.

Patoki, who was until April 29 the secretary general of the Togolese ministry of economy and finance, takes over from Senegalese Mamadou Ndiaye whose three-year term came to an end. The appointment was approved last Thursday by the WAEMU’s ministers council, which held an extraordinary session that day.

In his new position, the Togolese will, among others, steer the ongoing reform that sanctions firms who promise high returns on investment - returns that could supposedly reach 300%.

Based in Abidjan, Côte d’Ivoire, the CREPMF was established on July 3, 1996, by a convention signed between the seven WAEMU member States (which Guinea Bissau later joined). Its main purpose is to organize and monitor public offerings on the regional money market and to authorize and monitor actors operating on this market.

Séna Akoda

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