October 4, 2018 / 10:57 AM / 15 days ago

Togo forecasts 5.1 pct GDP growth in 2019

LOME, Oct 4 (Reuters) - Togo’s economic growth is expected to rise to 5.1 percent in 2019 from 4.9 percent this year, the government said on Thursday.

In a statement, the government also said it had proposed to parliament a budget for next year of 1.461 billion CFA franc ($2.60 million), an 11.5 percent rise over the 2018 budget.

The tiny West African country has few natural resources besides phosphates, a major source of foreign exchange, but is trying to turn itself into a shipping and transportation hub.

The capital Lome is home to the headquarters of regional airline ASKY, a partner of Ethiopian Airlines, and pan-African lender Ecobank.

$1 = 562.9800 CFA francs Reporting by John Zodzi Writing by Sofia Christensen Editing by Aaron Ross and Kirsten Donovan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below