Guinea has signaled that it will not automatically adopt the proposed ECO currency, choosing to prioritize its national currency, the Guinean franc, while assessing what the regional currency would mean for its economy.
The decision comes as ECOWAS continues preparations for a phased rollout of the ECO in 2027, with countries expected to join based on economic and monetary convergence criteria.
Guinean officials have emphasized that the country is still participating in discussions surrounding the ECO and will ultimately decide based on its own economic interests and conditions.
The move highlights a bigger question for West Africa: Can a single currency work when member economies have very different economic conditions and priorities?
The road to the ECO is clearly not going to be simple.
📸 Source: @african.folder
