President Mamadi Doumbouya Rejects the Eco and Reaffirms Commitment to Guinean Franc

Ouagadougou: President Mamadi Doumbouya has rejected the Eco and reaffirmed his commitment to the Guinean franc. The President of Guinea, General Mamadi Doumbouya, emphasized his determination to maintain the Guinean franc, which he described as "an essential element of the expression of sovereignty" and a cornerstone of his country's economic development strategy. This decision rules out the adoption of the Eco, the single currency that ECOWAS plans to implement in 2027.

According to Burkina Information Agency, President Doumbouya's declaration underscores his administration's focus on national economic strategies that prioritize the use of the Guinean franc. The General's statement on Thursday, July 30, 2026, highlights the importance he places on monetary sovereignty as part of Guinea's broader economic framework. By rejecting the Eco, Guinea will continue to follow a path distinct from the regional currency initiative planned by the Economic Community of West African States (ECOWAS).