Togo Gives CFA60,000 Bonus to Civil Servants and Pensioners

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Thursday, 26 December 2024 13:57

Togo Gives CFA60,000 Bonus to Civil Servants and Pensioners

(Togo First) - Togolese President Faure Gnassingbé has announced a special bonus of CFA60,000 for civil servants, religious education staff, and pensioners who are part of the Togo Pension Fund. This announcement was made on December 23 in Lomé.

The bonus will use a budget of CFA7.85 billion and is intended to help increase household purchasing power during the festive season. Many Togolese are facing a rising cost of living. According to the statement, "This initiative illustrates the authorities' constant determination to promote national solidarity."

The President urged Togolese citizens to use the end-of-year period to "strengthen social ties" and make the festive season a time for sharing. He expressed optimism about 2025, saying his government would keep focusing on building a better future next year.

This bonus is part of several social measures taken in recent years to support citizens. In December 2021, amid high inflation, President Gnassingbé provided an advance of one month's salary to all civil servants and public-sector pensioners, which was repayable over twelve months starting in January 2022.

In September 2022, the government increased civil servants' salaries by 10% to improve their income. A monthly transport allowance of CFA10,000 was also introduced to help with expenses, and the Guaranteed Minimum Interprofessional Wage (SMIG) was raised from CFA35,000 to CFA52,500 CFA starting in January 2023.

Fiacre E. Kakpo

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.