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Showing posts from December 22, 2019

Official Replacement Of The Franc CFA with a new currency- jprimegist

President Draman Allassan Ouattara has officially announced the replacement of the Franc CFA, with a new currency EC in West Africa. How ever, observers say the presence of France around the new currency EC0, means ECO will not bring any meaningful independent change in the economic development of the member states. Some say the change from Franc CFA too ECO is just at the level of the name, as the new currency remains attached to strings from France. During a joint press conference in Ivory Coast, the French President Emmanuel Macron called on, resistant west African Economies like Ghana, Guinea, Sierra Leone and others to accept and adopt the new currency. What do you think?