Tag Archives: Eco

Majority Leader in Parliament and Minister for Parliamentary Affairs Osei Kyei-Mensah-Bonsu has justified the decision by the Bank of Ghana(BoG) to build a new headquarters. According to him, building a new headquarters for the BoG will in the future serve as a Headquarters for ECOWAS’ new currency ECO when it is successfully …

Five English-speaking West African countries and Guinea have criticised a move to change the name of the regional currency from CFA franc to the eco. The West African Economic and Monetary Union, made up of eight former French colonies and former Portuguese colony Guinea Bissau, said in December that it …

The Ghana Union of Traders Association (GUTA) has warned against the likely depreciation of the proposed common currency, the ECO, bearing in mind the economic trade scope of some West African countries amidst unresolved closure of some of its trade borders. According to the President of the Union, Dr Joseph …

Many Africans cheered and applauded when Ivory Coast’s President Alassane Ouattara announced on Saturday “that, in agreement with the other West African Economic and Monetary Union Heads of State, we have decided to reform the CFA franc with the following three major changes: First, the name change of the currency …

Ghana will soon swap the cedi for the new single ECOWAS common currency, the eco when trading within the ECOWAS region. “We, in Ghana, are determined to do whatever we can to enable us join the Member States of UEMOA, soon, in the use of the ECO, a statement from …

Changes to the CFA franc used by 14 African states, announced over the weekend by Ivorian president Alassane Ouattara and his French counterpart, Emmanuel Macron, continue to drive debate across the continent. In this article, we share key details about this currency that has been in use for nearly three-quarters …