The Council of Ministers of January 18 gave birth to a series of figures to the credit of the Togolese government.
Indeed, the latter estimated during this government meeting that thanks to his actions, the rate of financial inclusion in Togo increased from 72.5% in 2016 to 81.5% in 2020. Another way of saying that the Faure Gnassingbé’s Togo represents the second best performance in WAEMU. Another figure: from 2016 to 2020, the expanded banking rate increased from 70.8% to 80.04% making Togo. Another way of recalling that Togo has thus become the country with the strongest growth in the field, in the sub-region. A third figure, no less flattering: the overall geographic penetration rate of financial services in Togo has increased from 81 points in 2016 to 422 points in 2020.
Another way for the government to put all the laughers on its side, and to convince some grumpy minds of the work that the executive is doing. But how did we arrive at such great results? The government team makes it a point of honor to specify: “These recorded performances were stimulated by the incentive measures taken to protect the purchasing power of the populations and encourage the deployment of microfinance institutions by providing them with specific support. Thus, by way of illustration, 1.8 billion CFA francs have been released for the benefit of the Savanes region in 2022”. Fine filibuster gymnastics, this answer, but no laughing, no protesting, since the State affirms by these epileptic figures that everything is going for the best in the best of all possible worlds!
Now we know. We know that purchasing power is protected, that the financial inclusion rate is an achievement on a national scale, that the banking rate, which is just as important, has enabled citizens to survive the economic crises of the 2021s. and 2022 of which no mention was made in this new release. We know that with the overall rate of geographical penetration of financial services, the Togolese can survive all adversities wherever they come from. To rely on the proliferation of microfinance to lay such banal clichés, you have to be damn cheeky to do it. The government has still put it deep in us. Rather well played.
Source: “Le Correcteur” newspaper
