Tag Archives: CFA

The ECOWAS Court of Justice has ordered the Republic of Burkina Faso to pay 50 million CFA as compensation to a retired civil servant, Mr. Kam Sibiri Eric, for the moral damages he suffered following his dismissal 20 years ago allegedly for ‘breach of the duty of discretion.’ Delivering judgement …

The Customs Division of the Ghana Revenue Authority (GRA) has intercepted a briefcase containing an amount of 80 million CFA (GH¢1.5 million) found to be fake at an unapproved route within the country’s territory along the Ghana-Togo border at Aflao. The said briefcase, according to the Ag. Commissioner of Customs, …

Before the Eco can replace the CFA franc, as announced in Abidjan on 21 December 2019, a number of technical, legal and political hurdles must be cleared. The date of the new currency’s introduction is impossible to predict at this time. To date, only the monetary agreement has been finalised. …