The new West African currency, Eco, which is expected to be adopted by 8 West African countries immediately on launch is expected to roll off in 2020.
The 8 ECOWAS countries already using the African Franc, CFA Franc, will automatically start using the Eco. However, up to 15 more West African countries are expected to join the West African Economic and Monetary Union (UEMOA) currency with Ghana already expressing interest in joining the club.
Today, the West African CFA is used in the following countries:
Ghana’s president has already said that the nation is determined to do what it takes to soon join member states of the West African Economic and Monetary Union in the use of the new single currency, the Eco and ditch the Cedi.