Togo: Lacs 1  Raised CFA 206.9 Million in First Nine Months of 2024

Public finance
Monday, 04 November 2024 12:32
Togo: Lacs 1  Raised CFA 206.9 Million in First Nine Months of 2024

(Togo First) - Togo’s Lacs 1 municipality, which includes Aného, 40 km east of Lomé, has raised CFA206.9 million between January and September 2024. This is 50.92% of the amount initially targeted–CFA406.4 million.

The performance was one of the major issues discussed during the 3rd ordinary consultation meeting of the Communal Revenue Monitoring Committee. According to the ATOP, the meeting was held on October 29 in Aného. Local stakeholders gathered to discuss strategies for mobilizing revenue and related challenges. 

They also reviewed taxes, particularly those related to boats and fuel dispensing pumps, to maximize municipal revenue. Participants emphasized the importance of raising taxpayer awareness about their tax obligations.

During the meeting, local councilor Lawson Laté Kpekui commended attendees’ commitment to sustainable development initiatives carried out by municipal authorities. Last June, the municipality launched a census of its taxpayers; a move aimed at boosting tax collection across the municipality.

The Lacs 1 municipality has significant economic development potential, particularly in tourism and transit trade, as it serves as Togo's entry and exit point with Benin along the Abidjan-Lagos corridor.

Ayi Renaud Dossavi

 

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