West African monetary union and its implications for Ghanaian firms

Eme Fiawoyife, Joshua Abor

Research output: Contribution to journalArticlepeer-review

Abstract

This study sought to find out the expectations of Ghanaian firms and some experts' opinion on the possible implications of a West African monetary union for Ghanaian firms. The study revealed that most of the firms sampled for this study were aware of the intention to create a monetary union in the West African sub-region. With regards to the views of experts, they were very optimistic about the creation of the monetary union and were of the opinion that, synchronizing the economies would lead to a wider market, increased trade, and create opportunities for economies of scale. They however cautioned about the adverse socio-economic effects associated with the creation of such monetary unions.

Original languageEnglish
Pages (from-to)144-152
Number of pages9
JournalProblems and Perspectives in Management
Volume5
Issue number3
Publication statusPublished - 2007
Externally publishedYes

Keywords

  • Ghanaian firms
  • Integration
  • West African monetary union

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