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
Libya tests 130 km pipeline to reduce gas flaring Project to recover 150 million cubic feet daily Move aims to ease bottlenecks, improve gas network...
BP acquires 60% stake in three offshore exploration blocks Move follows growing interest from majors like TotalEnergies and Chevron Namibia...
Vitol will invest $130 million via Vivo Energy to expand fuel storage in Durban. The project aims to double capacity to 500,000 m³ and strengthen...
Thor Explorations plans to publish an optimized prefeasibility study incorporating new exploration results. The company targets a final investment...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

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

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
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.