Ivory Coast President Alassane Ouattara is pushing for a common regional currency among West African states by 2026, a year ahead of schedule. Ouattara expressed his commitment to achieving this goal after a meeting with Ghana’s President.
Ivory Coast has made significant progress and will meet the necessary convergence criteria by next year, Ouattara stated. The regional currency has been in the works for over two decades.
To achieve this goal, member states must meet four key criteria:
– Lowering budget deficits
– Achieving single-digit inflation
– Accumulating foreign reserves
– Reducing central bank financing
Ouattara aims to strengthen regional economic integration and achieve a monetary union through collaboration with neighboring nations.
Source: Viewers Corner News