Jennifer Efua Afful Accra, Ghana 2 Questions 2 Answers 0 Best Answers 140 Points View Profile4 Jennifer Efua Afful Coal Asked: November 16, 2018In: Business and InvestmentsIf all of Africa spent one currency, would we be United economically?4If all of Africa spent one currency, would we be United economically?africacurrencydebteconomicsmoneyunited ShareFacebook 7 AnswersVotedOldestRecentDaisy Mwikali Nairobi, Kenya 3 Questions 207 Answers 18 Best Answers 6,974 Points View ProfileBest Answer Daisy Mwikali Silver Added an answer on November 16, 2018 at 6:39 pm The concept of a unified currency has been seen to work for other countries. Look at the Euro for example. I guess the USD is also an example because if each state in the US had its own currency, they wouldn’t be as strong as they are today.The question of an African Currency goes beyond unity and economics. We need to consider the political state of the different African countries. We are very diverse and even have different goals, ideologies, international partners… etc.With this aside, a united African currency will definitely make Africa stronger but may not automatically fix our economic issues like debt and so on.It is a good idea indeed but we have a lot of domestic issues and selfish interests that will affect the actualisation of such a currency in the near future.I however for-see a united africa with a centralised government that will inevitably have one strong currency. It may take decades or even centuries to get there but it is a high possibility.2Reply Share ShareShare on FacebookShare on TwitterShare on WhatsAppManser Thelua Kenya 9 Questions 161 Answers 2 Best Answers 6,922 Points View Profile Manser Thelua Silver Replied to answer on November 22, 2018 at 4:55 am Africa can never have a united currency. Gadaffi tried but it failed and he was killed for it. He even tried to share the idea of United States of Africa but it also failed. We are the problem. Let’s deal with our own dirty laundry before sharing it with our neighbours who are sailing in the same sea.2Reply Share ShareShare on FacebookShare on TwitterShare on WhatsAppHughes Kwesi Williams Accra, Ghana 1 Questions 3 Answers 2 Best Answers 260 Points View Profile Hughes Kwesi Williams Copper Replied to answer on December 4, 2018 at 3:43 am I agree with this.3Reply Share ShareShare on FacebookShare on TwitterShare on WhatsAppNana Abeiku Andam Takoradi, Ghana 4 Questions 16 Answers 4 Best Answers 520 Points View Profile Nana Abeiku Andam Iron Replied to answer on January 17, 2019 at 11:27 am Dr. Kwame Nkrumah was killed for same1Reply Share ShareShare on FacebookShare on TwitterShare on WhatsAppFelix Mwantonga Lusaka, Zambia 2 Questions 23 Answers 2 Best Answers 965 Points View Profile Felix Mwantonga Iron Added an answer on November 18, 2018 at 5:59 pm We should start by managing our smaller currencies respectively. If we can work with what we have now, it will be much harder to organise around a Central Bank of Africa idea.1Reply Share ShareShare on FacebookShare on TwitterShare on WhatsAppstevengea Kenya 1 Questions 17 Answers 0 Best Answers 929 Points View Profile stevengea Iron Added an answer on January 1, 2019 at 4:50 am This would be a world wide revolution. We are going to achieve this as soon as we win the war on corruption.0Reply Share ShareShare on FacebookShare on TwitterShare on WhatsAppNana Abeiku Andam Takoradi, Ghana 4 Questions 16 Answers 4 Best Answers 520 Points View Profile Nana Abeiku Andam Iron Replied to answer on January 17, 2019 at 11:29 am Africa is the Raw material hub for the world. They won’t allow it1Reply Share ShareShare on FacebookShare on TwitterShare on WhatsAppLeave an answerLeave an answerCancel reply Notify me of new posts by email.