Registering property: Togo is first in West Africa but still has more to do regarding the quality of its land administration system, according to the World Bank

Economy
Monday, 28 October 2019 13:19
Registering property: Togo is first in West Africa but still has more to do regarding the quality of its land administration system, according to the World Bank

(Togo First) - Almost last in 2017, Togo is now the 56th country where registering property is the easiest in the world. The country's score on this indicated segment improved by 17.2 points to stand at 72, according to the latest doing business report.

Togo, on this indicator, is first in West Africa according to the report. It comes before Ghana (111th), Côte d'Ivoire (112th) and Benin (126th).

Authors of the report attribute the improvement to recent reforms implemented by Togolese authorities to ease registration of properties by streamlining administrative procedures and reducing costs. In effect, only three steps, against in sub-Saharan Africa, are to be followed to register a property. The corresponding duration to complete the process was reduced to 35 days (against 51 days average in the region). A significant improvement compared to 200 days, two years ago. Meanwhile, costs have been reduced to 1.6% of the property's value.

Despite all these achievements, the World Bank estimates that there is still more to do regarding the quality of land administration, noting that this administration is still far from the best standards.

The property registration indicator, it should be noted, covers five features: the reliability of infrastructures, transparency of information, geographic coverage, land conflict resolution and equal access to property rights.

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