The Government of Ghana has taken notice of the recent declaration made on Saturday, 21st December, 2019, by the President of the West African Economic and Monetary Union (UEMOA), His Excellency Alassane Ouattara, the President of the Republic of Cote d’Ivoire, on the decision taken by the eight (8) West African Member States of UEMOA to discontinue the use of the CFA Franc, in favour of the proposed, new common currency of ECOWAS, the ECO, beginning in 2020.
This is a welcome decision, which Ghana warmly applauds. It is good testimony to the importance that is being attached not only to the establishment of a monetary union but also to the larger agenda of West African integration.
We, in Ghana, are determined to do whatever we can to enable us join the Member States of UEMOA, soon, in the use of the ECO, as, we believe, it will help remove trade and monetary barriers, reduce transaction costs, boost economic activity, and raise the living standards of our people.
Ghana urges the other Member States of ECOWAS to work rapidly towards implementing the decisions of the Authorities of ECOWAS, including adopting a flexible exchange rate regime, instituting a federal system for the ECOWAS Central Bank, and other related agreed convergence criteria, to ensure that we achieve the single currency objectives of ECOWAS, as soon as possible, for all Member States.
We have a historic opportunity to create a new reality for the peoples of ECOWAS, a reality of general prosperity and progress. So, let us seize it.
Source: Peacefmonline.com
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You people don't know anything, The ECO is has been printed according to what you have, For example Euro, one side of it is your country information and the other side is ECO information, so if you don't have 100 and 200 how are they going to print your.?? Think twice comment makers.
YOU SEE VISIONLESS GOVERNMENT. YOU JUST PRINTED NEW 100, 200 CEDI NOTES. IF THE NPP THOUGHT THROUGH BEFORE, WHY DID NOT HOLD ON FOR US TO JUST ADOPT THE NEW ECO AS OUR CURRENCY BUT WASTE A LOT OF MONEY IN PRINTING NEW NOTES AFTER JUST A FEW MOMENT WE ABANDON IT. WHAT A WASTE OF MONEY. SOME BODY IS WOEFULLY CAUSING FINANCIAL LOST TO THE STATE AND SHOULD BE BROUGHT INTO BOOK
I wish Nana Addo and his cabinet members would start to think deeper into things before they make any decision on anything in the future. It looks as if our President just jumps on the bandwagon anytime he sees one moving. That's obviously not prudent and certainly dangerous for our future as a nation. We need better management ideas and thoughts and not the likes we're seeing from Nana Addo
Wise up, you are wise indeed. In Ghana we waste money that's what I have grown to realised. Why on Earth do we need to spend GHS 144 million on a new voters Register? National Identification Authority (NIA) is registering Ghanaians aged 18 years and above and allocating them Ghana Card which serves as a proof of citizenship, and we are giving Electoral Commission another 144 million cedis to compile data on Ghanaians aged 18 years and above to enable them to vote? Why can't the Electoral Commission simply use the data already compiled by the NIA for their exercise? Why can't we use the Ghana Card to Vote rather issuing another ID Card. Misplaced priorities and a waste of Public Purse, is all we Ghanaians know how to do.
If we are really serious about this why waste money in the recent 100 and 200 notes agenda
u say we in Ghana? u and who in Ghana is ready,pls let's be very very careful yooo