Doing Business : President Gnassingbé urges his administration to implement more reforms to pass the 100th ranking
Friday, 09 November 2018 17:34 
(Togo First) - During the ministers council held November 8, 2018, President Faure Gnassingbé urged his administration to maintain its dynamic reforms to pass the 100th rank of the Doing Business. This is as the country, in this year’s edition of the global ranking, saw its ranking improve (from 156th last year to 137th).
In the long term, the country aims to have one of the best business environments, if not the best, of WAEMU, ECOWAS, Africa and if possible the world’s.
By setting such high goals, Togo hopes to be on par or overtake countries like Mauritius which is the most attractive country in Africa for business (20th worldwide with a score of 79.58) and Rwanda, first performer in Africa according to the 2019 Doing Business (29th worldwide) with a score of 77.88 out of 100.
Most importantly, Lomé first wants to attract as much external private investments as possible to finance its 2018-2022 national development plan. In this framework, Sandra Johnson, Advisor to the President of the Republic and Coordinator of the Business Climate Cell (CCA) mentioned during a workshop held last November 5 the need to keep up approved reforms, and efficiently work on remaining indicators, even if some, according to her, such as regulating insolvency befall OHADA. “…We are strongly committed to implementing reforms for greater successes in a context where our country is implementing its 2018-2022 national development plan which places business climate as one the major factors contributing to (economic) success,” she declared.
Séna Akoda
