Housing Finance in Togo


This profile is also available in French here.

To download a pdf version of the full 2019 Togo country profile, click here.

Togo’s housing sector is yet to cope with increasing population growth in the urban areas (the annual population growth in 2018 was estimated at 2.4 percent and the population at 7 889 094 inhabitants); urbanisation is especially strong in Lomé, the capital.

Of the Togolese population 23.8 percent was banked in 2018 according to BCEAO reports, meaning many remain unbanked. As per the latest BCEAO reports, Togo counts 227 bank counters and 284 ATMs. The Government is playing a key role in improving access to finance. One of its main initiatives, The Fond National de la Finance Inclusive (FNFI) was launched in 2014. The FNFI offers three core credit products targeted at the poor, farmers and youth. It is is also taking the lead with major reforms to improve the sector. For example, registration fees, stamp duties and land transfer duties are now set at CFA35 000 (US$60.32). Previously these fees and taxes accounted for 4 percent of the land value.

Despite these laudable initiaitives, there remain some concerns to be tackled to improve housing affordability that include security of land ownership, access to housing finance, effective planning and sustainable development of urban areas. Effective water and electricity networks for domestic use are also needed.

Find out more information on the housing finance sector of Togo, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2019 edition, which has up-to-date profiles for 55 African countries.

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Neighbouring Countries Burkina Faso Ghana
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