Over the past five years, the proportion of Togolese having an account at a bank and similar institutions increased by 24%

Finance
Saturday, 05 October 2019 17:28
Over the past five years, the proportion of Togolese having an account at a bank and similar institutions increased by 24%

(Togo First) - From 2014 to 2019, the proportion of Togolese of more than 15 years old having an account at a bank, a microfinance institution and postal services (such as Eco CCP) soared by 24%, from 50% to 74%. This was disclosed last Thursday by Demba Tignokpa, the minister of planning, at the third session of the National Council of Credit (CNC). 

The increase was spurred by dynamism in the traditional banking sector, microfinance, Eco CCP, mobile money, and mobile banking. Let's recall that in 2018, Kossi Tenou, national director of the BCEAO said, "data shows that in Togo, a little more than 2/3 of people of 15 years old and more have access to financial services."  

Séna Akoda

togofirst mobile

 
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