Business News of Saturday, 25 January 2020Source: www.ghanaweb.comGhana’s ECO adoption indecision stems out of fear - Economistplay videoDr. Adu Owusu Sarkodie, Economics lecturer at the University Of GhanaEconomics lecturer at the University Of Ghana Dr. Adu Owusu Sarkodie says Ghana being unsure about replacing its cedi with the Eco is fueled by fear. “Ghana fears that if it sticks its neck and adopt the usage, another country which may not have good economic fundamental may have an effect on Ghana’s economy. Currently, we have an inflation rate of 7.9 so it will not do the country good to adopt the eco with a country which may have an inflation of 40 etc,” he explained. Speaking to GhanaWeb, Dr. Owusu Sarkodie said that, “the eco as a currency for the ECOWAS region is laudable.

Source: GhanaWeb January 25, 2020 14:03 UTC