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
Armed men attacked the Morila gold mine in southern Mali, burned equipment, and briefly abducted seven employees, authorities said. The incident...
Morocco welcomed 19.8 million tourists in 2025, exceeding the government target of 18 million. Tourism revenues reached 124 billion dirhams ($13.5...
More than 80% of the world’s 666 million people without electricity live in Africa, mainly in rural areas. The International Energy Agency expects...
Morgan Stanley forecast gold at $4,800 an ounce in the fourth quarter of 2026. The bank cited expected interest-rate cuts, Federal Reserve...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
04

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
05

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
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.