Industries: phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages
Togo is a nation in western-Africa, bordering the Bight of Benin in the Atlantic Ocean, between Benin to the east and Ghana to the west. It is a long narrow country running north and south between the ocean in the south and the Burkina Faso in the north. The country's length allows it to stretch through six distinct geographic regions; climate varies from tropical to savanna. Togo has gently rolling savanna in the north; central hills; a southern plateau; and a low coastal plain with extensive lagoons and marshes.
Togo only has an oil refinery. Togo relies on imports of petroleum products. Oil and Gas activities include Refinery, Oil & Gas, Exploration and Production in the following region, Lomé.
Economy
This small, sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton generate about 40% of export earnings with cotton being the most important cash crop. Togo is the world's fourth-largest producer of phosphate. The government's decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on follow through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Togo is working with donors to write a Poverty Reduction and Growth Facility (PRGF) that could eventually lead to a debt reduction plan. Economic growth remains marginal due to declining cotton production, underinvestment in phosphate mining, and strained relations with donors.
No comments:
Post a Comment