Heads of state of the eight-nation West African Economic and Monetary Union have named Ivorian Henri Philippe Dakoury Tabley as governor of the Central Bank of West African states (BCEAO).
Dakoury Tabley, who was a board member for Ivory Coast at the African Development Bank, will take over from Damo Justin Baro of Burkina Faso who had been serving as interim head of the regional central bank for more than a year.
The Central Bank of West African States serves eight former French colonies which currently use the CFA franc.
The leaders, meeting in Burkina Faso's capital, also appointed Abdoulaye Bio-Tchane, currently director for Africa at the International Monetary Fund, as President of the West African Development Bank.
The West African CFA franc which is used by Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo, was created in 1945 to protect former colonies from the impact of the devaluation of the French franc after World War Two.
SOURCE: ABC NEWS
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
SWAG congratulates Muftawu Nabila Abdulai for winning GJA Sports Journalist of the Year 2024
2 hours -
Joy Sports’ Muftawu Nabila Abdulai named 2024 GJA Sports Journalist of the Year
2 hours -
JoyNews’ PM Express wins Best TV Programme (English) at 28th GJA Media Awards
3 hours -
Joy SMS wins Best Radio Programme (English) at 28th GJA Media Awards
3 hours -
Dr Neta Kris Abiana Parsram wins Best Feature (Online) at 28th GJA Media Awards
3 hours -
Find ways of resolving concerns of striking university unions – UTAG urges government
6 hours -
Democracy Hub Protest: All protesters had access to legal representation – Tuah Yeboah
7 hours -
Remand of Democracy Hub protesters: ‘Justice is being delivered’ – Deputy AG
7 hours -
2024/25 GPL: Accra Lions beat Nsoatreman 3-1 to secure first win
7 hours -
Election 2024: The only verdict we know is victory – Salam Mustapha charges NPP youth
7 hours -
Electricity tariff goes up by 3.02%, 1.86% for water
9 hours -
Late goals see Arsenal survive Leicester City scare
9 hours -
Cole Palmer scores 4 as Chelsea come from behind to beat Brighton
9 hours -
Soucek scores to salvage point for West Ham against Brentford
9 hours -
At least 45 dead as Helene pummels south-east US
10 hours