Bussines in Togo
Agriculture is a major source of growth, accounting for 35.9 per cent of Togo's GDP in 2007, a level it has maintained for most of the past decade.
Subsistence crops have accounted for about two-thirds of the output for the last 10 years. Agriculture also employs about 60 per cent of the
working population and productivity increases are therefore essential for poverty reduction.
Public spending on agriculture has collapsed over the past decade and the sector is hampered by a poor land ownership regime, inadequate
water resources management, soil degradation and poor organisation at the local level.
Cotton is one of Togo's three largest exports, with phosphates and cement. Cotton production fell by more than 50 per cent between 2001 and
2008 mainly due to the poor management of the state-owned Société Togolaise du Coton (SOTOCO), the high cost of agricultural inputs, obsolete
infrastructure and machinery and the impact of unpredictable climatic conditions such as rainfall. The sector's contribution to GDP decreased
from 3.1 per cent in 2001 to an expected 0.4 per cent in 2008. Although structural reform has started, recovery to previous levels of
production is expected to be slow, with prices expected to remain at about 140 CFA francs per kilogramme and output at about 15,000 tonnes
in 2008/10 if the weather is good.
With renewed donor support and a planned increase in infrastructure investment in areas affected by the 2008 floods, public investment is expected
to boost growth in 2009 and contribute 1.6 percentage points to real GDP growth before moderating in 2010. Private consumption growth is
expected to slow in 2009 due to the impact of the 2008 floods, which hit farmers' incomes, and to the continuing impact of the higher food
prices in 2008 on urban households. However, private consumption is expected to recover in 2010. Growth in government consumption is
expected to rise through 2010 led by increased social spending. Private investment is expected to play an important role in 2009 and
especially in 2010 as a result of inflows of foreign direct investment into the phosphate, banking and telecommunications sectors and
the Autonomous Port of Lomé.
How the business in Togo?
Togo Business comments
All that goverment is saying that are doing to improve the business in Country or living condition of people. To tell the true I am not seeing it.
Emanuele , Togo
It isn't ok do business.
Sammy , Togo, London
Yup, that'll do it. You have my appreitacion.
I think you guys are expecting a miracle from the government. The country is better than before. When his dad was there it was worse. So at least you should appreciate what has been done so far!
Haeso , london
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