Mining

Togo: A Key Transit Hub for Gold from Neighboring Nations (EITI)

Togo: A Key Transit Hub for Gold from Neighboring Nations (EITI)
Tuesday, 28 January 2025 17:16

West Africa has major gold producers like Burkina Faso, Mali, and Ghana. Togo, which borders these countries, is a key transit point for traders exporting gold worth hundreds of millions of dollars, mainly to the United Arab Emirates.

Togo's low royalty rates attract gold from Burkina Faso, allowing it to pass through Togo for international sale. The Extractive Industries Transparency Initiative (EITI) reported in January 2025 that this gold comes from artisanal and small-scale mining.

However, not all gold entering Togo is exported through official channels. The Togolese Customs Department reported no gold exports in 2022. Yet, Comtrade data cited by EITI shows that the United Arab Emirates (UAE) imported about 20.6 tonnes of gold valued at $1.2 billion from Togo that same year.

Togo is a transit destination for gold coming from its neighbors. A 2018 Organization for Economic Cooperation and Development (OECD) study noted that high taxes in Burkina Faso and Niger lead to a "flight of gold to Togo," estimating that 12 to 20 tonnes from Burkina Faso and 2 to 3 tonnes from Niger are smuggled into Lomé annually.

Regional Cooperation Needed

Togo is not the only coastal West African country used as a transit point for artisanal mining players. Benin, another transit country, exported between 7.27 and 13.17 tonnes of gold annually from 2012 to 2021, despite producing only a few kilograms yearly. Weak cooperation between States and porous borders hinder effective national control measures and spur the passing of gold from top producers in the region.

This is not an issue that West African countries can efficiently tackle individually. The 2018 OECD report called for a regional policy to oversee artisanal mining and harmonize gold export taxes to reduce smuggling. A 2024 ECOWAS report echoed these recommendations, advocating for better information-sharing among national and regional stakeholders.

This article was initially published in French by Emiliano Tossou

Edited in English by Ola Schad Akinocho

On the same topic
Dakar airport Q1 passengers rise 2.45% to 735,370 Traffic boosted by AFCON; January busiest month Flights fall 4%, freight up 21.4% Senegal’s...
TGS launches 19,500 km² offshore seismic project with Petroci Authorities use advanced imaging to improve subsurface analysis without new...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence in South Africa. South Africa’s auto market grew...
BP has obtained a new hydrocarbon exploration permit in eastern Algeria, marking its return less than five years after exiting the country. The...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
03

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
04

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
05

Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...

Gabon Eurobond Due 2031 Posts Biggest Drop in a Year on IMF Budget Warning
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.