Togo’s Anti-Corruption Efforts Gain Momentum with EITI Implementation, Report Reveals

Strengthening Anti-Corruption Framework

In a significant step towards strengthening its anti-corruption framework, Togo has made notable progress in implementing the Extractive Industries Transparency Initiative (EITI) standard. According to a report commissioned by the country’s Multi-Stakeholder Group and the EITI International Secretariat, this implementation is expected to have a positive impact on preventing and combating corruption in Togo’s extractive sector.

Database Development for Beneficial Ownership Registry

The report highlights the significant development of a database aimed at operationalizing a beneficial ownership registry through the Trade and Personal Property Credit Register (RCCM). This move is directly attributed to EITI recommendations, underscoring the initiative’s effectiveness in driving reforms. The implementation of this registry is expected to enhance transparency and accountability in the extractive sector, thereby reducing the risk of corruption.

Significant Milestone for Anti-Corruption Efforts

This achievement marks a significant milestone in Togo’s anti-corruption efforts, demonstrating its commitment to promoting good governance and ensuring that natural resource wealth benefits the population. As the country continues to implement EITI recommendations, it is likely to further strengthen its institutions and systems, ultimately contributing to a more transparent and accountable extractive sector.

Benefits of EITI Implementation

• Enhances transparency and accountability in the extractive sector
• Reduces the risk of corruption
• Strengthens anti-corruption efforts
• Promotes good governance
• Ensures natural resource wealth benefits the population