More than 60% of the
Togo population is engaged in agricultural sector because
Togo economy is an agrarian economy.
Togo money is called the Communaute Financiere Africiane franc (XOF) issued by the Central bank of West African countries. The CFA is tied to the Euro.
As agriculture is the main
Togo economy therefore food crops and cash crops are widely grown. Cattle rearing and fishing are also a part of the
Togo economy. The main food crops grown in Togo are rice, pulses, millets, yarns, cassava, sorghum and corn are the staple food of Togo. Among the cash crops, which are mainly grown in Togo are cocoa, coffee and products made from palm. Togo people also rear domestic cattle's like goat, sheep, hogs and other domestic animals.
Regarding the industrial sector, Togo is not far behind. As large number of commercial minerals like phosphate, iron and so on are found in Togo, therefore gradually industry sector have also come up. Today phosphate mining is one of the most important activities. The other industries are textile industry, cement industry, beverage industry along with the agricultural and handicraft industry.
Togo business is carried through the Lome port, the only port in Togo with the countries like France, Canada, China and Ghana.
Togo is self-sufficient in her needs. The World bank has played a great role in introducing measures to reform the Togo economy.
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