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Banking sector: Togo receives 218 billion FCFA from the BCEAO

11/03/2021
Source : ORISHAS FINANCE
Categories: Sectors

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The Central Bank of West African States (BCEAO) has just committed 218 billion FCFA to the Togolese banking sector. This new injection of liquidity into the Togolese banking market was made on 8 March 2021 at a fixed interest rate of

2%.

The cash injection is part of the weekly injections by the BCEAO in the member countries of UEMOA. The total amount allocated at the community level was 3,419 billion FCFA.
Côte d'Ivoire receives the most funds, with 32% of liquidity (1,095 billion FCFA). It is followed by Senegal with 21.5% (736 billion FCFA), Mali (12.47%, with 426 billion FCFA), Burkina Faso (9.35%, with 320 billion FCFA), Benin (8.36, with 286 billion FCFA), Niger (8.1% with 278 billion FCFA). Togo, for its part, receives 6.3% of the injections

.
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