The Togolese government has just set the legal interest rate at 4.2391% for the year 2021. The information comes from the Togolese Council of Ministers of February 10, 2021.

Togo lowers its legal interest rate and fixes it for the calendar year 2021, at 4.2391%. The last Togolese Council of Ministers held in the locality of Pya (Prefecture of Kozah) notes that this update marks a drop compared to last year when Togo practiced a rate of 4.5000% , aligned with most of the countries in the Economic and Monetary Union of West African States (UEMOA) area, as shown by figures from the Central Bank of West African States Where is. This reform increases any sum owed by a debtor to his creditor, following a court decision, and in the event of late payment.