Until now president of the Financial Markets Authority of the West African Monetary Union (AMF-Umoa), Togolese Badanam Patoki, former official of the Ministry of Economy and Finance of his country, was appointed, this Wednesday, October 8, to the position of Minister of Economy and Strategic Monitoring by Faure Gnassingbé.
Appointed in April 2021 at the head of the former Regional Council for Public Savings and Public Markets (CREPMF), Mr. Patoki thus enters the government with not only the portfolio of the Economy – which was previously attached to that of Finance – but also a brand new one, that of Strategic Monitoring.
“It is an innovation of the council president who wants certain parameters of our economy to be monitored and possibly corrected,” explained the government’s secretary general regarding the Strategic Monitoring portfolio on national television.
For his part, Georges Essowè Barcola, appointed Minister of Economy and Finance since August 20, 2024, succeeding Sani Yaya, becomes Minister of Finance and Budget.
Another notable fact, the president of the National Assembly, Kodjo Adedzé, former Minister of Commerce, returns as Minister of Urbanism, a position he had briefly held before being appointed to head the national legislation.
It is worth noting that this is the very first government of the 5th Republic. This one establishes the parliamentary system with Faure Gnassingbé, president of the Republic since 2005, who became the council president last May.
