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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 in the Togolese banking sector. This new injection of liquidity into the Togolese banking market was carried out on 8 March 2021 at a fixed interest rate of 2%.

The liquidity injection operation is part of the BCEAO's weekly injections into WAEMU member countries. The total amount allocated at Community level was CFAF 3 419 billion
Côte d'Ivoire receives the most funds, with 32% of liquidity (CFAF 1,095 billion). 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 receives 6.3% of injections.

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