Francophone West African Region Forecasts 7% Growth in 2023
Among some of the countries to record higher growth in 2023 compared with last year are Burkina Faso 4.9% from 2.5%.
Photographer: Olympia de Maismont/AFP/Getty Images
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Economic expansion in the eight-member West African Economic and Monetary Union will accelerate to 7% this year as many of the countries recover from the shock of Russia’s invasion of Ukraine.
Gross domestic product growth will quicken from 5.9% in 2022, Mohamed Bazoum, president of Niger who doubles as the head of WAEMU heads of state conference, said in a statement. The members of the union are Benin, Burkina Faso, Ivory Coast, Guinea Bissau, Mali, Niger, Senegal and Togo.