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The BCEAO injects 219 billion FCFA into the Togolese economy

17/09/2020
Source : Agence Ecofin
Categories: Economy/Forex

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Togolese banks benefited on September 14 from 219 billion FCFA of liquidity over a period of one week.

This disbursement, which took place under the 25th injection of the Bceao into the Togolese economy since the appearance of Covid-19 in the WAEMU, will allow Togolese banks to refinance themselves at the interest rate of 2 %.

For all the WAEMU countries, the Bceao has released 3,350 billion FCFA. The funds correspond to the real needs expressed by each of the 87 banks in the sub-region.

Analysis of the table shows that Côte d'Ivoire alone, with the CFAF 1,041 billion requested and obtained, covers 31% of the liquidity needs expressed by WAEMU. It is followed by Senegal, 17% and Mali, 13% of the overall needs expressed and satisfied.

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Liquidity injected into Togolese banks stands, as far as they are concerned, at just over 6% of all WAEMU needs.

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