Thursday, November 21, 2024
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France finally ratifies law ending use of CFA franc in West Africa

France has finally ratified a law that ends the use of the CFA franc by French colonies in West Africa. The ratification was done by...

Many ECOWAS countries yet to meet criteria to adopt Eco currency

In June last year, ECOWAS made the headlines after announcing that beginning in January 2020, countries within the West African sub-region will be able...

Opinion: The Eco – The devil is in the detail

Nine days ago, Alassane Ouattara, President of Cote d’Ivoire, announced that the eight countries of the West African Monetary Union (WAMU) will discontinue the use...

Ghana to adopt ECOWAS single currency ECO

Ghana's government has given the strongest indication ever that it would in 2020 adopt the new single currency to be used by ECOWAS member...

Ecowas renames CFA franc, cuts financial ties with France

The CFA franc will now be renamed the Eco, which is the new currency to be used by member states of ECOWAS. Under the new...

Francophone West Africa seeks ‘financial freedom’ from France

For decades Francophone nations in West Africa have had the management of their currency done in France. Their financial reserves have always been planned and...

Why Francophone West Africa must take lead in ECO adoption

The proposed single currency named Eco for the West African sub-region is being pursued by member states in the hope that it will promote...

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...

Opinion: The Eco and Ghana: West Africa’s single currency

At the end of an ECOWAS summit in Abuja, Nigeria on June 29, 2019, 15 countries in West Africa, including Ghana, agreed to adopt...

ECOWAS finally adopts ECO as single currency

Beginning in January 2020, countries within the West African sub-region will be able to use a single currency called ECO. The currency was adopted by...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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