Doing business in West Africa is getting easier, notably in Togo
Togo stands out from the crowd in the latest “Doing Business“ ranking. For the second year in a row, the country is among the ten economies that improved the most. Moving up from rank 156 (2018) to rank 97 (2020), Togo became the best-performing West African country. The country implemented reforms making it easier to start a business and access credit and electricity. It also lowered fees for construction permits, and streamlined property registration procedures. Nigeria was also among the top ten business climate improvers, notably thanks to improved contract enforcement. Chad, Mauritania, Niger, Senegal and Togo improved access to credit information. While paying taxes was made easier and/or less costly in Côte d’Ivoire, Gambia and Senegal, it became more complicated in Ghana, Liberia and Mali. West African countries made substantial investments to modernise electricity infrastructure and improve distribution network maintainance. For example, Ghana and Nigeria reduced electricity connection times. Despite progress, West Africa remains overall a low-performing region with an average score of 52.3, below the global average of 63. Ten West African countries rank in the bottom 50, and only two African countries (Mauritius, rank 13 and Rwanda, rank 38), are among the top 50.