Advancing Monetary Integration in West Africa: Commitment and Progress Towards the Common Currency

2023-09-15 22:55:00

The President of the ECOWAS Commission, Omar Alieu Touray, expressed this commitment at the 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 Accra. Mr Touray said ECOWAS believed that monetary integration would be an essential precursor and launching pad for the sustainable development of the sub-region.

He assured that his Commission would do everything possible to ensure that the processes and programs outlined in the roadmap for the launch of the common currency remain on track and on schedule.

“The ECOWAS Commission will continue to work diligently with all stakeholders in the integration process to ensure that the Eco takes off on schedule,” he reassured. In this regard, he charged the three institutions to accelerate the establishment of the West African Central Bank and other relevant bodies necessary for the success of the monetary integration of the sub-region.

By Le360 Africa (with MAP)

09/16/2023 at 6:55 a.m.

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