Data published by the Central Bank of West African States (BCEAO) states that at the end of 2024, Togo recorded a significant increase in term deposits.

The total amount of term deposits collected by banking institutions reached 1 246 billion CFA francs, an increase of 15.7% compared to 2023. This trend marks a clear rebound after three consecutive years of decline since the peak in 2021, when deposits peaked at 1,458 billion. In times of uncertainty, term deposits, savings products with a fixed income and a defined horizon, are generally perceived as safe investments. Their increase thus reflects a greater desire to project and to manage liquidity prudently by businesses and individuals.

In banking terms, term deposits represent a strategic lever for collecting stable resources, allowing credit institutions to better calibrate their commitments and finance the economy under controlled conditions. More than just a savings product, it is a vital resource for banking transformation, especially in a context where the management of liquidity risks and interest rates is becoming more demanding.