Actualités

Togo appoints ekoué djro glokpor as new bceao national director

By sahel-express / June 19, 2026

Ekoué Djro Glokpor has officially taken the helm of the Banque Centrale des États de l’Afrique de l’Ouest (BCEAO) National Directorate for Togo. His installation occurred during the second ordinary session of the National Credit Council, held on June 18, 2026, in Lomé. This significant appointment unfolds against a backdrop of mixed signals within the Togolese financial sector, characterized by advancements in banking digitalization, a decline in corporate lending, and a notable concentration of credit benefiting larger corporations.

Ekoué Djro Glokpor’s formal induction as the new Togo BCEAO director for the Banque Centrale des États de l’Afrique de l’Ouest was confirmed during the National Credit Council (CNC)’s second regular session in Lomé on June 18, 2026, according to details released by the Togolese Ministry of Finance and Budget.

The newly appointed national director succeeds Akuwa Dogbe Azoma. Glokpor returns to Togo after an extensive tenure at the BCEAO headquarters in Dakar, where he held significant positions, including Director of Accounting, Director General of Organization and Information Systems, and subsequently, Advisor to the Governor. His appointment received commendation from Badanam Patoki, Minister of Economy and Strategic Monitoring, who presided over the session in the absence of Finance Minister Essowè Georges Barcola.

Addressing the Council members, Glokpor articulated, “It is a distinct honor for me to accept this entrusted responsibility. I fully comprehend the scope and importance of the task ahead.”

Persistent imbalances in credit allocation

The session also involved a thorough review of Togo’s economic and monetary landscape as of the end of March 2026, revealing a mixed set of indicators. Digital banking service utilization reached 32.2%, while the average interest rate saw a decrease to 7.5%. Concurrently, savings held by banks and microfinance institutions experienced growth. However, bank lending to businesses declined by 15%, as credit establishments increasingly favored regional financial markets. In contrast, microfinance institutions significantly expanded their outstanding loans by 30%.

The sectoral distribution of bank credit in Togo continues to exhibit high concentration, with 70% of new financing directed towards a limited number of major corporations. Agriculture received only 1.5% of bank credit, and housing secured a mere 1.1%, as highlighted by Minister Patoki. He urged credit institutions to leverage available risk-sharing mechanisms, specifically citing the Mécanisme Incitatif de Financement Agricole (MIFA), the Fonds Africain de Garantie et de Coopération Économique (FAGACE), and the Fonds de Solidarité Africain (FSA).

The gross non-performing loan ratio within the banking sector stood at 13.4%, a figure considerably exceeding the 5% target set for 2027. In response, the CNC strongly encouraged the affected banks to enhance their loan recovery strategies.

Accelerating payment digitalization

Furthermore, the session adopted a comprehensive action plan aimed at accelerating the digitalization of payments across the entire Togolese territory. The Ministry of Finance did not disclose the specific timeline for implementation or the financial resources allocated to this initiative.

As the new Togo BCEAO director, Ekoué Djro Glokpor will serve as the primary point of contact for the institution with Togolese public authorities, including the Ministry of Economy and Finance, as well as the general managements of commercial banks operating within the nation. Togo is a member of the UEMOA zone, which shares a common currency, the CFA franc, issued by the BCEAO from its headquarters in Dakar.

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