Lomé, Togo, August 18, 2020//- Since the beginning of March, Togo has been facing the Coronavirus pandemic like other countries elsewhere. Since then, the authorities have taken measures to combat this terrible disease.
These measures affected around 62% of jobs in the country. This is what emerges from a study carried out recently by the World Bank and the results of which were disclosed on Monday, August 17, 2020. The report reveals a decline in activities, particularly in the areas of production and sales as well as in many other sectors.
The study by the Breton Woods institution thus indicates that it is the service sector which is the most affected (with 49% of jobs), the industrial, retail, construction and tourism sectors counting the 13 % remaining.
These statistics are in line with those of the Central Bank of West African States which noted that the tertiary sector was most affected by the Coronavirus crisis in the UEMOA space.
This represents an all the more important challenge for Togo, whose economy is mainly tertiary, with a service sector which is still the main engine of growth (driven among other things by port and airport traffic, very affected by the pandemic).
In the process, the Togolese government put in place last week, tax relief mechanisms in the sectors most affected by Covid-19, to give them a hand in the face of the crisis.
