Home Economy Ghana plans to adopt new West African currency called "eco"

Ghana plans to adopt new West African currency called “eco” Updated for 2021

82,139FansLike
2,966FollowersFollow
2,690SubscribersSubscribe
82,139FansLike
3,122FollowersFollow
2,690SubscribersSubscribe

Updated: February 24, 2021

The West African country of Ghana wants to adopt a West African currency called eco that is expected to replace the France-backed CFA franc as soon as next year, the government said.

But the government of Ghana urged members of the currency union to ditch a planned peg to the euro, several reports said on Monday.

[read_more id="2" more="Read full article" less="Read less"]

The eco will be used in eight regional countries, Ghana’s adoption of the new currency would make it the bloc’s largest economy, ahead of neighbor Ivory Coast.

Reuters news agency noted that Ghana was not part of the West African Economic and Monetary Union (UEMOA) of mostly former French colonies that uses the CFA franc and has its own currency, the cedi.

[/read_more]

Today News Africa
Today News Africahttps://todaynewsafrica.com
Today News Africa is a US-based international news organization focused on US-Africa policy and breaking news. Our goal is to provide truthful and exclusive stories to a diverse audience across North America and the African Continent. Subscribe to our news page at https://todaynewsafrica.com/ and Follow us on Twitter @todaynewsafrica
SourceReuters

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

TRENDING

Human Rights Watch concludes Abiy Ahmed’s soldiers bombed civilians to death, schools, hospitals and markets in Tigray region

Ethiopian federal forces carried out apparently indiscriminate shelling of urban areas in the Tigray region in November 2020 in violation of the laws of war, Human Rights Watch said on Wednesday. Artillery attacks at the start of the armed conflict struck homes, hospitals, schools, and markets in the city of Mekelle, and the towns of Humera and Shire, killing at least 83 civilians, including children, and wounding...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

error: Alert: Content is protected !!
Reddit
Tweet
Share
Share
Pocket
Share
More