Ghana wants in on the ECO, urges ECOWAS nations to follow

Ghana wants in on the ECO, urges ECOWAS nations to follow

The Government of Ghana has announced its full support for the new ECO currency that will replace the CFA Franc in 2020, and is urging other West African states to do the same. President Nana Akufo Addo, a champion of regional cooperation through the 15-nation ECOWAS organization and a common…

Ouattara, Macron announce the end of the CFA franc

Ouattara, Macron announce the end of the CFA franc

Ivorian President Alassane Ouattara, speaking alongside his French counterpart Emmanuel Macron, announced the reform of the long-disputed CFA franc on Saturday, a currency that is used in eight nations in West Africa. The agreement with France and the Monetary Union of West Africa (UEMOA), which is currently led by Ouattara,…

Opinion: Africa does not need a single currency

Opinion: Africa does not need a single currency

By Piotr Arak AT Contributor The process of increasing international trade in Africa and decreasing barriers that can foster growth resembles the goals and policies introduced successfully in Europe. This year Africa will take a big step towards tackling entrenched economic problems including a dearth of intra-regional trade as the…