Blaise Yao Amoussou-Kpéto gives income to overcome unemployment and poverty

The financial expert Blaise Yao Amoussou-Kpeto, in this publication, contributes in the search for solutions to the problems of unemployment and poverty which take hostage Togolese people, especially youth. Read!

What should be done to enable Togo to have better economic performance with confidence indices at the highest level, a low unemployment rate and a marked reduction in poverty?

Attempts to Respond.

Currently, the business climate in Togo remains sluggish; This explains why private investment lacks dynamism and that the quality of human resources has a lasting impact on the long-term growth prospects of the country.

Togo should adopt a hierarchical set of budgetary and structural reforms to preserve its strengths and meet the challenges of development and poverty reduction.

Togo should fully revert to the uniqueness of the Treasury and use its budgetary revenues to invest in infrastructure projects that will boost its growth potential and encourage foreign investors to invest heavily in the country.

What I see as a priority investment project today is the modern Lomé-Cinkasse railway, which will definitely boost the activities of the autonomous port of Lomé and, in passing, preserve the road network, which is unsatisfactory. But the cost of building the Lomé-Cinkasse railway is in billions of US dollars.

For this, like African countries that have successfully achieved Eurobonds issues such as Ghana ($ 0.750 billion), Senegal ($ 1.1 billion) and Côte d'Ivoire (sovereign debt outstanding for $ 5.7 billion) Billion), Togo must mobilize sovereign borrowing funds over 20-25 years.

In addition to railways, emphasis should be placed on initiatives that enhance growth potential, such as investment in power plants (so as to permanently remove the country from the energy dependency of Ghana and Nigeria), Basic infrastructure, physical and digital infrastructure, and finally, the taking into account of the education of teachers and consequences of children in order to prepare future generations for citizen responsibility and for a more orthodox management of the country.

Blaise Ayao Amoussou-Kpeto
Financial expert

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