Togo : outstanding ranking in doing business 2019

Prime Minister Selom Klassou. Photo: RR

NEWSROOM (ADV) – Thanks to the many reforms undertaken in recent years, Togo managed to make a jump to the Doing Business 2019 ranking. In the 2019 annual report, the country ranks 137th place, gaining 19 places compared to the previous edition. Prime Minister Selom Klassou, who attended the video conference in Lome, welcomed the country’s progress.

Last year, Togo was ranked 156th. But thanks to performance in 6 areas, including business creation, building permits, electricity connection, payment of taxes, transfer of ownership and execution of contracts, it ranks 137th in the 2019 report. The biggest score is registered in the area of “business creation” with 88.70 out of 100.

With this ranking, Togo is ahead of Cambodia, Lebanon, Senegal, Burkina Faso and Nigeria.

According to the World Bank, this is the largest increase in Africa this year.

At the African level, Togo occupies the 22nd place and is second behind Côte d’Ivoire in the UEMOA area.

A satisfaction for Sandra Johnson, the Coordinator of the Business Climate Unit at the Togolese Presidency.

© Bur-csa – A.H / Oumaima Mourtada – African Daily Voice (ADV)