On 12 January 1994, the devaluation of the currency by 50% provided an impetus to renewed structural adjustment; these efforts were facilitated by the end of strife in 1994 and a return to overt political calm. Progress depends on increased openness in government financial operations (to accommodate increased social service outlays) and possible downsizing of the armed forces, on which the regime has depended to stay in place. Lack of aid and depressed cocoa prices generated a 1% fall in GDP in 1998, with growth resuming in 1999. Togo is a member of the Organization for the Harmonization of Business Law in Africa (OHADA).
On 12 January 1994, the devaluation of the currency by 50% provided an impetus to renewed structural adjustment; these efforts were facilitated by the end of strife in 1994 and a return to overt political calm Progress depends on increased openness in government financial operations (to accommodate increased social service outlays) and possible downsizing of the armed forces on which the regime has depended to stay in place Lack of aid and depressed cocoa prices generated a 1% fall in GDP in 1998, with growth resuming in 1999. Togo is a member of the Organization for the Harmonization of Business Law in Africa (OHADA).