Ivory Coast tax collection up 5% in 2019

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ABIDJAN (Reuters) – Ivory Coast collected 2.25 trillion CFA franc ($3.86 billion) in taxes in 2019, up 4.7% over the previous year, and expects to collect 2.72 trillion CFA francs in 2020, tax chief Abou Sie Ouattara told reporters on Thursday.

Ivory Coast, the world’s top cocoa producer, accounts for around 40% of the eight-nation West African CFA franc currency zone’s economy.

($1 = 583.2200 CFA francs)

Reporting by Loucoumane Coulibaly; Editing by Aaron Ross

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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