Central Bank of West African States (BCEAO) recently injected over CFA200bn into the Togolese economy

Finance
Friday, 18 September 2020 15:02
Central Bank of West African States (BCEAO) recently injected over CFA200bn into the Togolese economy

(Togo First) - On Sept. 14, 2020, Togolese banks received from the BCEAO CFA219 billion of cash.

The funds will enable the lenders to refinance themselves at an interest rate of 2%. They are part of the Central Bank’s 25th fund injection into the Togolese economy since the pandemic broke out across the WAEMU. 

Overall, the Bank has disbursed CFA3,350 billion for all WAEMU countries. They aim to meet real needs expressed by each of the 87 banks in the subregion.

1 Tableau

The table above shows that Côte d'Ivoire alone requested and obtained CFAF 1,041 billion, covering 31% of the liquidity needs expressed by WAEMU. It is followed by Senegal with 17% and Mali with 13% of the overall needs expressed and met.

The liquidity injected into Togolese banks amounts to a little over 6% of all WAEMU needs.

Séna Akoda

 

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