Business News of Friday, 17 January 2020Source: Graphic.com.ghFinance Ministers, Governors 'concerned' by decision to rename CFA EcoCFAFinance and economic ministers and central bank governors in West Africa, including Ghana's Mr Ken Ofori-Atta and Dr Ernest Addison, have taken issue with the recent renaming of the common currency for member countries in the Francophone zone to Eco. They described the action as a "unilateral" decision that was outside the requirements for the adoption of a proposed common currency for the sub-region, reports Graphic Online’s Maxwell Adombilla Akalaare. It was signed by the six finance and economic ministers and the six central bank governors from the six-member countries of the WAMZ. The communiqué is the first action by Anglophone West Africa to the decision by some of their Francophone peers to rename their currency the Eco. The announcement by Mr Outtarran in December last year said the change of name would take effect January this year.

Source: GhanaWeb January 16, 2020 21:56 UTC