Anglophone West Africa should adopt the CFA- Samuel Brandful

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October 21, 2015 11:41 AM

This he says will have a much bigger effect on the economic fortunes of countries in the west African sub regiion to larger extent that the European Union has done to its members.

Ghana Manager of Invest In Ghana 2015, Samuel Brandful has charged Anglophone West African Countries to join the CFA Franc countries rather than seek to adopt the Eco currency.

Addressing the gathering at the Invest In Africa Fair 2015 in the Morvenpick Ambassador Hotel, Mr. Branful emphasized the need for West African countries to integrate more in terms of trade and economic activity.

" I sometimes wonder why the Anglophone West African Countries which are only four, namely, Gambia Nigeria Serria Leon and Ghana will not adopt the CFA Franc, instead of trying to adopt their own currencies. It is neccessary for us to look past our colonial differences in order to make maximum econonmic gains.

Mr. Branful was addressing a question from participants about the prospects of an increased intra-west African trade given existing colonial barries like language and some infrastructure differences like railway dimensions.

The width of railaway lines vary in between Anglophone countries and Francophone countries, making it impossible for rail travel accross the west African sub region.

Answering the question, Mr. Branful said the private sector will have to push governements to ratify such challenges in the sub region that has to do with infrasture provision.

" Such difficulties truely exist between Anglophone countires in the sub region. But it must not be an impediment to maximize trade opportunities in the West African Sub region. If anything the private sector must step up and demand governments to play their roles in solving these infrastructure problems."

Invest in Ghana 2015 is organised by the Ghana Investment Promotion Center (GIPC) in association with Homestrings Ltd. The event is expected to bring together over 300 local, regional and international business leaders and investors.

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