Tag: Single Currency

ECOWAS to launch single currency in 2027

Aminu Imam

A group of fifteen West African countries have adopted a new Road Map to launch a single currency in 2027 after its previous plans were derailed by the Covid-19 pandemic. The new Road Map was agreed by Heads of States of the Economic Community of West African States (ECOWAS). The president of the ECOWAS Commission, Jean-Claude Kassi Brou, announced this at a news conference after a summit of the leaders in Ghana yesterday. The countries are hoping that a single currency will help to boost trade and economic growth. According…

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ECOWAS halts single currency launch

Ishaku Yohanna

The Economic Community of West African States has postponed the planned launch of its single currency, the Eco. The body agreed to maintain a gradual approach for the launching of the currency. ECOWAS explained that a new date for the launch would be announced later. This was contained in a communiqu issued at the end of the 57th Summit of the Heads of State and Government of ECOWAS on Tuesday. The body said the postponement was in order to consolidate its achievements. Consequently, a new road map for the single…

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