Africa Business West Africa World 

West African countries to adopt single currency in 2027

– – Ecowas leaders have agreed to now work towards launching a single currency by January 2027. The West African regional bloc had planned to adopt the currency called Eco in 2020 but said the road map was disrupted by the Coronavirus pandemic. On Saturday however the West African leaders at a summit in Ghana’s capital, Accra agreed a new road map to launch the single currency. ECOWAS Commission President Jean-Claude Kassi Brou told reporters that the pandemic meant a new strategy had to be adopted. “We have a new…

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Africa Business West Africa World 

West Africa’s new single currency delayed for five years

– – West African nations planning to adopt a single currency called the “ECO” effective this year say that won’t happen until after at least five years. In June last year, the regional bloc Ecowas made the headlines after announcing that beginning in January 2020, countries within the group will use a single currency called ECO. That decision was taken by the Authority of ECOWAS Heads of State and Government at the 55th Ordinary Session in Nigeria’s capital Abuja. The West African leaders at the time endorsed the currency and approved a…

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Africa Business Ghana West Africa World 

Ghana in line to host ECOWAS central bank

Ghana is seeking to host the ECOWAS central bank which is expected to be set up in the coming months. The bank would be critical ahead of the introduction of the ECOWAS common currency the ‘Eco’ from January 2020. ECOWAS Commissioner in charge of Micro Economic Policy said Ghana is one of the leading countries in line to host the bank. Dr. Kofi Konadu Apraku told Starr FM’s World Today Extra radio show in Accra that “There are major countries including Ghana that is actively seeking to host the central…

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