Togo's economic journey

Togo, a country with one of the largest and deepest seaports in West Africa, is strategically positioning itself to become a transport hub in the region. CNBC Africa recently spoke with Gilbert Bawara, Togo's Minister for Labor and Public Administration, to delve into the country's economic journey. While Bawara refrained from sharing specific statistical figures during the conversation, he emphasized the significance of Togo's informal sector, which remains dynamic and contributes substantially to the country's economic progress. The minister stressed the need to shift the paradigm that views the state as the sole provider of jobs and economic growth. Instead, Bawara highlighted the potential for various sectors, including agriculture and services such as finance and insurance, to drive job creation and economic development. While acknowledging the essential role of the state in sectors like education and health, Bawara underscored the importance of private sector involvement in sustaining Togo's economy. When questioned about how Togo incorporates international labor standards into its trade and investment policies, Bawara underscored his belief that economic growth should ultimately prioritize the welfare of the population. He emphasized the importance of wealth distribution and equity among citizens, noting that Togo has ratified international conventions on fundamental rights and social protection. By ensuring workers' safety, providing fair wages, and creating conducive working environments, Togo aims to enhance productivity, motivation, and overall well-being. Bawara's emphasis on economic diversification and adherence to international labor standards underscores Togo's commitment to sustainable and inclusive growth. As the country continues to attract investments and promote a conducive business environment, Togo's economic trajectory appears promising, driven by a holistic approach that prioritizes the welfare of its citizens and fosters a dynamic and inclusive economy.