Togo’s banking sector has strengthened its reserves to record levels. Between July and August 2025, banks built up 157.6 billion CFA francs, far above the regulatory requirement of 71.5 billion CFA francs.
This resulted in a surplus of 86.1 billion CFA francs, with a coverage rate of 220%. The trend reflects stronger liquidity management since the Covid-19 period. In November 2023, the surplus was only 2.3 billion CFA francs, but it has risen steadily since. Analysts say this shows the ability of Togolese banks to withstand shocks and comply with BCEAO rules.
However, critics argue these funds could be better used to support SMEs that still struggle to access credit. Compared with its neighbors, Togo’s ratio is high, behind Senegal (315%) but ahead of Niger (115%).
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