In the 2019 Doing Business, Togo is the 11th African nation where launching a business is easy. The country made remarkable achievements, coming before most member States of the Organization for Economic Co-operation and Development (OECD) with a greater revenue. Indeed, in terms of procedures and delays needed to formalize a business, Togo is far above average recorded in sub-Saharan Africa and OECD’s 36 member States.
While according to the Doing Business, four procedures and 5.5 days are needed in Togo to make a business formal, the report states that it takes about 7.3 procedures and more than 23 days in sub-Saharan Africa to do so, and 4.9 procedures and 9.3 days in OECD.
In WAEMU, Togo which is the third country under the Doing Business, behind Côte d’Ivoire and Benin, is also the nation in the region to have implemented the most reforms over the period reviewed.