December 29, 2019 / 3:37 PM / 2 months ago

Ghana says it is determined to join new West African currency

ABIDJAN, Dec 29 (Reuters) - Ghana is determined to “do whatever we can” to join a new West African currency called the Eco, which will replace the France-backed CFA franc as soon as next year in eight regional countries, Ghana’s presidency said in a statement.

Ivory Coast President Alassane Ouattara and French President Emmanuel Macron announced earlier this month that West Africa’s monetary union had agreed to cut some financial links with Paris that have underpinned the region’s common currency since its creation soon after World War Two.

Ghana is not part of the currency union and has its own currency, the Cedi. (Reporting by Ange Aboa; Writing by Aaron Ross, Editing by William Maclean)

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