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Browsing: ECO currency
The Economic Community of West African States (ECOWAS) is set to launch a single currency for its member states.
While making the announcement on Saturday June 19, the union revealed the plans to launch the currency by 2027.
According to the president of the ECOWAS Commission Jean-Claude Kassi Brou, the new road map and a new convergence pact would cover the period between 2022-2026, and 2027 being the launch of the ECO.
Jean-Claude spoke to the media on Saturday in Accra at the end of a summit of the union’s leaders. He noted that the member countries are banking on the single currency to go a long way in boosting trade and economic growth.
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Initially, Anglophone countries such as Nigeria, Ghana and Kenya had pulled out on the ground that the Francophone countries have breached the Economic Community’s Currency …