The Economic Community of West African States (ECOWAS) has accelerated preparations for the introduction of its long-anticipated regional currency, the ECO. EkoHotBlog can authoritatively report that the initiative, which aims to revolutionize the region’s financial ecosystem, was reinforced during ECOWAS’s 66th Ordinary Session held in Abuja, where leaders revisited their commitment to the project. The … Read more
EKO HOT BLOG reports that the West African Monetary Zones (WAMZ) under the ECOWAS have faced significant challenges in realizing their aspirations to adopt a single currency across member states, with the timeline for implementation stretching beyond initial expectations. During the 51st meeting of the Convergence Council of WAMZ held in Abuja over the weekend, Olorunsola … Read more
-Dr. Solomon Gembeh, says ECOWAS single curency will reduce the dependency of member states on the west -He said the ECOWAS single currency will boost trade among West Africa countries -According to him, the single currency was already a threat to Western countries Dr. Solomon Gembeh, High Commissioner of Sierra Leone to Nigeria, says implementation … Read more