ECOWAS members need effective cooperation to enable common currency

A senior official from the West African Monetary Institute (WAMI) has stressed that a strong collaboration among member states of the Economic Community of West African States is necessary to achieve the target of launching the proposed common currency Eco for the subregion.

Olorunsola Olowofeso, director general of the WAMI, made this call during the official opening of the 53rd Meeting of the Technical Committee of the Member States of the West African Monetary Zone in Accra, the capital of Ghana. He said that the governments and the central banks of ECOWAS member states have been working hard to hold the economies together and sustain the drive toward achieving the common currency on schedule. To sustain this drive, the official emphasized that there is a need for an all-hands-on-deck approach.


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