ECOWAS meets in Abuja to assess single currency programme

The ECOWAS convergence council will hold an ordinary session  in Abuja on December 9 to discuss the progress made in implementing the single currency programme.

The single currency, which is to be launched in 2020, suffered setbacks and could not be launched on January 1, 2015 as earlier planned.

“The ECOWAS Convergence council will hold an ordinary session to determine the progress made in implementing the roadmap of the Community’s Single Currency Programme and adopt the macroeconomic convergence of member States,” a statement on the ECOWAS website said.

“This Statutory Council, which will bring together the Ministers of Economy and Finance of the fifteen Member States, will also analyze the report of the 48th session of the West African Monetary Agency (AMAO) committee of governors

“The ministers of Finance, the governors of Central Banks of member States, the representatives of the ECOWAS Commission, UEMOA commissions, West African Monetary Institute, the Monetary Agency of West Africa and the ECOWAS Bank of Investment and Development will participate in the meeting.

“The main items on the agenda include validation of the ECOWAS Macroeconomic Convergence Report 2015 and the status of implementation of the roadmap for the ECOWAS Single Currency Programme.”