Burkina Faso's Minister of Economy and Finance, Aboubakar Nacanabo, has spoken out about attempts to pressure the government over a reform requiring non-governmental organizations (NGOs) to lodge their accounts with the Treasury Deposit Bank (BDT). The minister made these comments during a dialogue with the public, organized as part of a government exhibition on October 7, 2026. He revealed that certain NGOs and their partners have expressed strong concerns about the reform.
According to Minister Nacanabo, some partners have even attempted to blackmail the government over the issue. However, he emphasized that these pressures will not reverse the government's decision. The minister explained that the authorities have been approached by concerned parties regarding the potential consequences of the measure on NGO activities. Some partners have cited the Financial Action Group (GAFI) in their attempts to pressure the government.
Minister Nacanabo found it challenging to accept the GAFI argument, stating that the Burkinabe system aims to enhance the traceability of financial flows. He stressed that the system put in place by Burkina Faso should be appreciated by actors engaged in the fight against money laundering. The minister emphasized that the goal is to allow for the tracking of capital.
Despite the pressures, the minister stated that the government's position remains firm, with the aim of ensuring that the reform does not hinder NGO operations. To address concerns, exchanges were organized with NGO representatives to gather their concerns and clarify the modalities of the measure. According to Minister Nacanabo, clear instructions have been given to ensure that NGO operations are handled correctly at the BDT.
Minister Nacanabo also addressed the issue of domestic debt, calling for a distinction between different components of state debt. He mentioned loans contracted on the regional financial market and from banks, as well as debts to suppliers. The minister acknowledged that in 2023 and 2024, payments of certain invoices experienced significant delays due to the massive mobilization of public resources for territorial security.
However, Minister Nacanabo noted that the situation has significantly improved since 2025. Payment orders received by the Treasury are now settled quickly, often on the same day or within a week or a month. He praised the resilience of entrepreneurs who continued their activities despite payment difficulties.
The minister's comments highlight the government's efforts to address concerns from various stakeholders while implementing reforms aimed at enhancing transparency and accountability. The BDT reform is part of a broader strategy to strengthen the country's financial systems and prevent money laundering.
Key points
- The Burkinabe government faces pressure from NGOs and partners over reforms requiring NGOs to lodge accounts with the Treasury Deposit Bank.
- Minister Aboubakar Nacanabo emphasizes that the reform aims to enhance the traceability of financial flows and prevent money laundering.
- The government has assured NGOs that the reform will not hinder their operations and has provided instructions to ensure smooth implementation.
