Public Management

Burkina Faso: Customs revenue exceeds target in Q1 2024, reaching $427mln

Burkina Faso: Customs revenue exceeds target in Q1 2024, reaching $427mln
Thursday, 02 May 2024 18:24

Despite security challenges, Burkina Faso's economy demonstrates resilience with promising outlooks. For the 2024 fiscal year, customs aims to collect $1.8 billion.

In Burkina Faso, customs collected CFA262.22 billion ($427 million) in revenue in the first quarter of 2024, according to the Burkina Information Agency (AIB). This collection represents a recovery rate of 100.38% compared to the initially projected CFA261.22 billion.

Despite the security challenges faced by the country, the economy has shown resilience. According to the International Monetary Fund (IMF), the country's economic prospects remain favorable, partly due to reforms implemented during the Transition. This year, the country is expected to become the fourth-largest economy in the CFA zone, reaching $21.9 billion (at current prices) compared to the estimated $20.3 billion in 2023.

It is worth noting that Burkina Faso's General Directorate of Customs aims to collect CFA1,106.2 billion ($1.8 billion) in revenue for the 2024 fiscal year, representing a 10.62% increase from the previous year.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon inflation averages 3.1% in year to January 2026 Food prices up 6.6%, but fall 1.9% in January IMF sees inflation easing to 2.9% in...
Study finds nearly 80% of respondents in both markets already hold stablecoins Users cite faster, cheaper payments as digital dollars gain traction...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors with yields of 8.1% and 8.95% to smooth...
Standard Chartered Zambia raised its capital to 520 million kwachas (about $27.5 million) through a bonus share issue, without raising new...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...

Morocco: Safran Announces $305 Million Investment to Build One of the World's Largest Landing Gear Plants
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

South Africa will remove transmission control from Eskom and create a separate public grid operato...

South Africa accelerates Eskom reform to ease crisis and attract capital
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.