West Africa: Why France Kidnapped West Africa's Eco Currency

[Bawon Samedi]

I'm seeing Ghana's year of return initiative in a new light now.

I guess they trying to stay out of France's orbit.

I swear France would be Germany's pet without Africa.

Same here.

 

[2Quik4UHoes]

I swear these Francophones some colonized hoes.....

 

[MischievousMonkey]

Ghana still pushing for a flexible exchange rate is a great news. I know they won't join until it is adopted and that means they don't abandon the fight. They have A LOT to gain from West Africa regional integration, like all West Africa for that matter.

 

[dora_da_destroyer]

So if I understand correctly, 15 countries were supposed to form the ECO. Now France got Cote d'Ivoire and 6 other countries to go with France's version of the ECO. But what about Nigeria, Ghana, and the other 6 countries. Can't they still do the ECO the way they want to? Wouldn't just those 8 countries be enough to create a real ECO?

And that’s what they want, a fractured economy and inability to coordinate and cooperate en masse. White people stay wanting to stop black cooperative economics

 

[How Sway?]

Ivory coast has a long history of c00ning it up for france
Félix Houphouët-Boigny - Wikipedia

 

[Premeditated]

Ivorian c00nery knows no bound

This might be the only west africans that genuinely speak french amongst themselves as a whole. I 100% bet that most the population under 30 don't know a indigenous language. Just French. Don't even get me started on c00ntara, you don't have to c00n that hard to grow. They developing and all but give me Senegal's method, they have pride and self identify.
whenever you see an Ivorian speaking french, they speak it with such passion with a tear in their eye.

 

[Secure Da Bag]

Ghana joining the ECO

 

[Jammer22]

Ghana joining the ECO

Damn it.

At least they trying to get it away from the Euro.

Wonder what Nigeria will do.

 

[Secure Da Bag]

Damn it.

At least they trying to get it away from the Euro.

Wonder what Nigeria will do.

I don't think they're joining. They're an anglophone country. So they don't want to have 2 masters. Plus, they don't want to give up their regional status/power. I would think anyway.

 

[Secure Da Bag]

Only Ghana is capable of meeting economic criteria?

Ten criteria
For the Eco to be implemented, ten convergence criteria, set out by the West African Monetary Institute (WAMI), must be met. These criteria are divided into four primary and six secondary criteria. Up to the fiscal year 2011, only Ghana has been able to meet all the primary criteria in any single fiscal year.[1]

The four primary criteria to be achieved by each member country are:[2]

• A single-digit inflation rate at the end of each year
• A fiscal deficit of no more than 4% of the GDP
• A central bank deficit-financing of no more than 10% of the previous year's tax revenues
• Gross external reserves that can give import cover for a minimum of three months.

The six secondary criteria to be achieved by each member country are:[3]

• Prohibition of new domestic default payments and liquidation of existing ones.
• Tax revenue should be equal to or greater than 20 percent of the GDP.
• Wage bill to tax revenue equal to or less than 35 percent.
• Public investment to tax revenue equal to or greater than 20 percent.
• A stable real exchange rate.
• A positive real interest rate.

My bad. Togo too.

Quoted by the Nigerian press agency NAN, the chair of the ministerial committee said that only Togo, among the ECOWAS countries, would meet the main requirements or criteria for the adoption of a single currency. These criteria include convergence, the flexible exchange rate regime, the fight against insecurity and interstate collaboration.[13]

 

[Samori Toure]

shyt is getting real. nikkas lining up with France on that ECO shyt, totally forgot that they still have to sell their goods and services in Nigeria. Nigeria closed their borders on those nikkas. Now where is their White savior of France.

 

[Secure Da Bag]

Nigeria is petty oooooooh.

 

[Secure Da Bag]

PLO Lumumba dropping gems on CFA > ECO of course