To date, Togo has spent a little more than CFA107.5 billion to fight the Covid-19 pandemic. This was recently reported by the ministry of economy and finances.
This amount breaks into CFA22.8 billion (21%) for measures to tackle the pandemic, CFA32.4 billion (30%) to help populations cope with the crisis, notably through social support projects like the Novissi universal income scheme, free water and electricity for the poorest.
Most importantly, actions to restart the economy amid the pandemic captured CFA52.2 billion from the government. This represents more than 48% of spending disbursed in relation to the pandemic..
Let’s recall that by December 15, 2020, Togo had mobilized CFA173 billion for its National Fund for Solidarity to fight the pandemic. Of this amount, CFA3.2 billion were raised by the local and international private sector, while about 170 billion came from Togo’s financial partners.
