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Country name:

conventional long form: Togolese Republic
conventional short form: Togo
local long form: Republique Togolaise
local short form: none
former: French Togoland

 

Capital:

Lom?�. Population: 732,000 (official estimate 2001).
 

 

Location:

Western Africa, bordering the Bight of Benin, between Benin and Ghana

 

Area:

56,785 sq km (21,925 sq miles).
 

Description:
Togo shares borders with Burkina Faso to the north, Benin to the east and Ghana to the west, with a short coast on the Atlantic in the south. The country is a narrow strip, rising behind coastal lagoons and swampy plains to an undulating plateau. Northwards, the plateau descends to a wide plain irrigated by the River Oti. The central area is covered by deciduous forest, while savannah stretches to the north and south. In the east, the River Mono runs to the sea; long sandy beaches shaded by palms characterise the coastline between Lom?� and Cotonou in Benin.
 

Population:

5.1 million (UN estimate 2005).
 

language:

French is the official language, while Ewe, Watchi and Kabiy?� are the most widely spoken African languages. Very little English is spoken.

Climate:

From December to January, the Harmattan wind blows from the north. The rainy season lasts from April to July. Short rains occur from October to November. The driest and hottest months are February and March.

Economy - overview:

About two-thirds of the working population is employed in agriculture: a wide range of crops are produced, including cotton, cocoa and coffee (the main cash crops) and basic foodstuffs including cassava, maize, yams and sorghum.

Togo's other major principal exports are the ores from the country's phosphate mines, although revenues have been hit recently by slack demand and low world prices. Limestone and marble deposits have also been exploited. Togo's mines contain some of the world's richest calcium deposits.

Most of Togo's other industry is based on the processing of these agricultural and mineral products, apart from a handful of factories engaged in the production of textiles and consumer goods for domestic consumption. A successful export processing zone, now entering its second decade of operation, has attracted numerous manufacturers from across the world. The service sector is small and tourism negligible.

The country's main economic problems are a huge foreign debt and declining revenues due to low world commodity prices. A typical programme of structural adjustment has been undertaken under the supervision of the IMF and World Bank. In 2005, annual GDP growth was 1.6% while inflation was 6.8%.

Togo is a member of the CFA Franc Zone, the West African trading bloc ECOWAS and various international commodity organisations.

Economy:

About two-thirds of the working population is employed in agriculture: a wide range of crops are produced, including cotton, cocoa and coffee (the main cash crops) and basic foodstuffs including cassava, maize, yams and sorghum.

Togo's other major principal exports are the ores from the country's phosphate mines, although revenues have been hit recently by slack demand and low world prices. Limestone and marble deposits have also been exploited. Togo's mines contain some of the world's richest calcium deposits.

Most of Togo's other industry is based on the processing of these agricultural and mineral products, apart from a handful of factories engaged in the production of textiles and consumer goods for domestic consumption. A successful export processing zone, now entering its second decade of operation, has attracted numerous manufacturers from across the world. The service sector is small and tourism negligible.

The country's main economic problems are a huge foreign debt and declining revenues due to low world commodity prices. A typical programme of structural adjustment has been undertaken under the supervision of the IMF and World Bank. In 2005, annual GDP growth was 1.6% while inflation was 6.8%.

Togo is a member of the CFA Franc Zone, the West African trading bloc ECOWAS and various international commodity organisations.
 

Industries:

phosphate mining, agricultural processing, cement; handicrafts, textiles, beverages

 

Exports:
Cocoa, phosphate, coffee and cotton.

Imports:
Consumer goods including food, fabrics, clothes, vehicles and equipment.

Main trade partners: EU (mainly France and The Netherlands), China (PR), Ghana and other francophone West African countries (Benin and Burkina Faso).

Exchange rates:
CFA (Communaut?� Financi?�re Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,500, 2,000, 1,000 and 500. Coins are in denominations of XOF250, 100, 50, 25, 10, 5 and 1.
Togo is part of the French Monetary Area. Only currency issued by the Banque des Etats de l'Afrique de l'Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l'Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro.
http://www.worldtravelguide.net/country/280/money/Africa/Togo.html

GDP :
US$2 billion (2005).
 

 

 

Economy (2002)
GDP (2002 est.): $1.4 billion.
Per capita income (2002): $270.
Natural resources: Phosphates, limestone, marble.
Agriculture (40.1% of 2002 GDP): Products--yams, cassava, corn, millet, sorghum, cocoa, coffee, rice, cotton.
Industry (21.6% of 2002 GDP): Types--mining, manufacturing, construction, energy.
Services: 38.3% of 2002 GDP.
Trade: (2002): Exports--$438 million: phosphates, cocoa, coffee, cotton. Imports--$662 million: consumer goods, including foodstuffs, fabrics, clothes, vehicles, equipment. Major partners--Ghana, France, Cote d'Ivoire, Germany, Nigeria, Canada, People's Republic of China, Benin.

 

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  Copyright By :  Kish Trade Promotion Center  2002