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Friday, May 20, 2022

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West Africa Economy for 7.2% Growth in 2016

In 2016, the member-countries of WAEMU (West African Economic and Monetary Union) should record an economic growth of 7.2% against 7% in 2015.

This is what revealed forecasts published on June 1, 2016 by the Central Bank of West African States (BCEAO).

Expected growth should result from the “consolidation of activity in secondary sector and good performance of tertiary sector”, the same source said.

Currently, Cote d’Ivoire is WAEMU’s economic driver. The nation has in fact been recording a substantial growth since the end of the 2011 civil war.

World’s top cocoa producer has recorded the following economic growth rates in 2012, 2013, 2014 and 2015 respectively: 9.8%, 8%, 8.5% and 8.6%.

WAEMU consists of eight nations knowingly Benin, Burkina Faso, Cote d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo.

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