Togo (i/ˈtoʊɡoʊ/), officially the Togolese Republic (French:République Togolaise), is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, where its capitalLomé is located. Togo covers 57,000 square kilometres (22,000sqmi), making it one of the smallest countries in Africa, with a population of approximately 7.5 million.
From the 11th to the 16th century, various tribes entered the region from all directions. From the 16th century to the 18th century, the coastal region was a major trading center for Europeans in search of slaves, earning Togo and the surrounding region the name "The Slave Coast". In 1884, Germany declared Togoland a protectorate. After World War I, rule over Togo was transferred to France. Togo gained its independence from France in 1960.
One such incident in late July 2009, caused internet blackouts in several west African countries including Benin, Togo, Niger, and Nigeria. The banking sector was also destabilized at that time, as well as other sectors of the economy that relied heavily on internet connectivity for their operations.
The ARBApexBankPLC, a mini central bank that offers support services to the rural and community banks in Ghana, has recorded satisfactory growth in almost all the financial indicators in the 2021 year under review ... Capitalisation of the ARB Apex Bank ... NanaGeorge Agyekum Donkor, President of EBID at the Lome – Togo, Headquarters of the bank.
These obstacles were even greater in poorer countries with less developed banking systems and more rural populations ... High-income countries, like the US and Japan, gave an average of $525 per person , while people in countries like Togo and Madagascar, classified by the WorldBank as low-income, received only $42 on average.
With all this pain in the bond markets, it’s completely reasonable for bond investors to decide they’d rather purchase some bitcoin, an asset that can’t be easily manipulated by governments and central banks around the world ... with a deeper appreciation for full reserve banking.