The pros and cons of the implementation of the eco—a discussion of the views of Anglophone and Francophone students
In 2019, ECOWAS member countries made up of countries in the WAEMU and the WAMZ, decided that they would create and implement the Eco, a common currency for the subregion by the horizon 2020. In December 2019, the WAEMU, with the project in mind, decided that it would stop using the CFA Franc. This decision, although applauded by the international community, created turmoil between countries in the WAEMU and the WAMZ because WAEMU countries want to keep a peg to the Euro. This study’s objective is to assess the view of students, a subgroup of the ECOWAS region about the Eco and its implications for the countries’ economy and individuals’ identity. The study uncovered three significant themes: performance, uncertainty, and united identity.
Undergraduate thesis submitted to the Department of Business Administration, Ashesi University, in partial fulfillment of Bachelor of Science degree in Business Administration, May 2020
currency, ECOWAS, Optimum Currency Area (OCA), CFA franc, West African students