• Growth forecast at 6.5% in 2026, up from 6.2% in 2025
• Inflation expected to rise slightly to 1.8% after a low base
• Authorities flag risks from energy prices, logistics, and financial markets

Togo expects its economic growth to accelerate to 6.5% in 2026, up from 6.2% the previous year, the National Credit Council (CNC) said on March 23 during its first ordinary session of the year in Lomé, attended by key economic stakeholders.

The outlook also includes a modest increase in inflation, projected at 1.8% after an unusually low 0.4% in 2025, according to figures presented during the meeting chaired by Finance and Budget Minister Essowè Georges Barcola.

The minister cautioned, however, that several risks could weigh on the outlook, including rising prices for hydrocarbons and agricultural inputs, disruptions in maritime and air logistics chains, and liquidity pressures in regional financial markets.

“We have anticipated these shocks rather than simply endured them,” he said, adding that “the government remains committed to pursuing structural reforms to strengthen the resilience of the national economy.”

To support this trajectory, the CNC outlined several sector priorities, including the development of financial products for renewable energy and increased financing for agro-industrial companies. The latter is seen as a key lever to boost local production and reduce dependence on food imports.

The council also stressed the need to strengthen the financial system as a whole to better support economic activity.