For the first quarter of this year 2019, Togo recorded a 16.0% increase in deposits in the
microfinance institutions or Decentralized Financial Systems (SFD), informs the Central Bank of the
West African States, in its latest report on the situation of microfinance in the area
Uemoa (West African Economic and Monetary Union).
With such an increase in deposits, Togo ranks second in the Zone, for the period under review,
behind Mali (+20.0%), and ahead of, respectively, Côte d'Ivoire (+15.1%), Senegal (+10.3%), Benin
(+9.9%), Burkina Faso (+3.7%) and Niger (+0.5%).
Results to be compared with the fact that in 2018, the country recorded the largest increase
deposits in the Union.
It should also be noted that, overall, the amount of deposits collected for this quarter in WAEMU
stood at 1390.8 billion FCFA against 1248.7 billion FCFA, a year earlier, which represents a
growth of 11.4%. Similarly, people's access to financial services provided by financial institutions
microfinance grew by 10.4% year-on-year.
Ayi Renaud Dossavi

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