Ghana is keen to adopt new West African currency Eco which is replacing CFA used by Francophone countries in the region. Eight members of the West African Monetary and Economic Union agreed to dump CFA for Eco on December 21. “This is a welcome decision, which Ghana warmly applauds. Ghana urges the other member states of ECOWAS to work rapidly towards implementing the decisions of ECOWAS authorities. Nigeria, which dominates the economy of the ECOWAS region, however, said it “is studying the situation and would respond in due course.”

Source: The Guardian January 01, 2020 07:07 UTC