Togo’s financial inclusion rate rose to 89.04% in 2024 from 87.7% a year earlier, according to a government statement issued after a Cabinet meeting on 19 February 2026, underscoring steady progress in expanding access to formal financial services.
The increase reflects implementation of the National Financial Inclusion Strategy 2021 to 2025, adopted in December 2021 to widen access to banking and related services, particularly for vulnerable groups. The latest result keeps Togo ranked second in the West African Economic and Monetary Union (WAEMU).
“The results are significant: in 2024, the financial inclusion rate increased from 87.7% to 89.04%, placing Togo second in WAEMU,” the government said.
Financial inclusion refers to access by individuals and businesses to affordable financial products and services including payments, savings, credit and insurance delivered in a responsible and sustainable way.
The government said much of the progress was driven by the National Inclusive Finance Fund (FNFI), which remains central to the country’s efforts. As of the end of October 2025, the fund had disbursed more than 1.9 million loans worth a combined 116.59 billion CFA francs, with women, young people and informal sector workers the main beneficiaries.
Authorities also pointed to broader structural changes over the past five years, including the expansion of microfinance, rising mobile money use and the digitalisation of financial services. Growth in the number of accounts held at microfinance institutions and payment service providers has helped extend access, particularly in rural areas.
Looking ahead, the government said it had approved a new strategy for 2026 to 2030, alongside the creation of a fintech innovation bureau and a dedicated youth project. The measures are intended to build on recent gains while improving the quality of services available to users.