Togo Moves Forward on Beneficial Ownership Transparency Reforms

A Significant Step Towards Promoting Transparency in the Economy

Togo has made significant commitments to beneficial ownership transparency reforms, a major step towards promoting transparency and accountability in its economy. As an Extractives Industry Transparency Initiative (EITI) member, the West African country has pledged to shed light on the true owners of companies operating in the extractive sector.

A Longstanding Commitment to Transparency

Togo’s commitment to beneficial ownership transparency dates back to February 25, 2016. This marks a major milestone in the country’s efforts to increase transparency and accountability in its economic activities.

Progress Made, but More Work to Be Done

While Togo has made progress towards implementing these reforms, there is still work to be done. As of our last update on April 4, 2024, Togo remains at the “planned” stage of implementation, indicating that it has yet to fully implement its beneficial ownership transparency commitments.

Experts Remain Optimistic About Togo’s Progress

Despite this, experts remain optimistic about Togo’s progress and its potential to become a regional leader in promoting transparency and good governance. With continued efforts from government officials, civil society organizations, and other stakeholders, Togo is poised to take a significant step forward in promoting accountability and reducing corruption.

Open Ownership Map: A Resource for Beneficial Ownership Transparency

It’s worth noting that the Open Ownership map, which tracks beneficial ownership transparency around the world, may not have comprehensive data on all countries. If you have information that contradicts what is reported here or would like to submit new data, please fill out our [submission form](insert link).