The previous plans to launch the Eco single currency in Western Africa was sabotaged as a result of the Covid-19 crisis. Now, a group of 15 West African states are planning to launch the currency in 6 years time.
“Due to the shock of the pandemic, the heads of state had decided to suspend the implementation of the convergence pact in 2020-2021” Jean-Claude Kassi Brou said, president of the ECOWAS Commission.
According to the president after the Saturday summit in Ghana, the plans to achieving this goal have been approved by all heads of state of ECOWAS.
When this is successfully implemented, it will boost economic growth through international trade within and outside the continent.
“We have a new road map and a new convergence pact that will cover the period between 2022-2026, and 2027 being the launch of the Eco.”
By Elijah Christopher
Elijah Christopher is a journalist at A New Touch Of Africa, is also a creative writer, a poet, and an IT enthusiast. He contributed to the collaborative poem written in celebration of Edwin Morgan Centenary, the first Glasgow poet laureate and Scottish national poet from the University of Glasgow. He loves meeting people and learning about new places, cultures, events, and lifestyles.