Togo’s Minister of Finance and Budget, Georges Essowè Barcola, has described the regional public securities market as a central instrument of financial sovereignty. He made the remarks while opening the Public Securities Market Meetings in Lomé, focused on financing UEMOA member states.
The minister noted that the regional market has grown strongly, mobilising nearly 11,900 billion CFA francs in 2025. He said the market now goes beyond budgetary needs and plays a strategic role in supporting public policies. According to him, mobilising domestic savings is essential to reduce dependence on external financing. Togo has raised between 500 and 700 billion CFA francs annually from the regional market in recent years.
These funds have supported public investment, infrastructure, and social spending amid fiscal pressures. Discussions also highlighted the need to deepen the secondary market to boost liquidity and investor confidence.
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