The Economic Community of West African States is a regional political and economic union of 15 countries in West Africa.
On Thursday the body reiterated its commitment to launching the proposed common currency Eco for the sub region by 2027.
The 15 members which constitute the ECOWAS are Benin, Burkina Faso, Cabo Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo.
The President of the ECOWAS Commission Omar Alieu Touray, made this known in his message read by others during the joint opening of the 45th Meeting of the Board of Governors of the West African Institute of Financial and Economic Management (WAIFEM) and the 62nd Meeting of the Committee of Governors of the West African Monetary Agency (WAMA) and the West African Monetary Institute (WAMI) in the Ghanaian capital of Accra.
According to Touray, the monetary integration would be a critical precursor and launch pad for a sustainable development of the sub region
“The ECOWAS commission will continue to work assiduously with all stakeholders in the integration process to ensure that the Eco takes off within the time stipulated,” the official said.
He also assured the commission would do everything possible to ensure that the processes and programs outlined in the roadmap toward the launch of the common currency remained on course and schedule.
