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ECOWAS single currency tops Niger meeting

The implementation of a roadmap for the long proposed West African single currency topped the agenda of a meeting of five heads of state of the region in Niamey, Niger on Tuesday.The fourth meeting of the ECOWAS Presidential Task Force on the Single Currency Program, attracted to Niamey Presidents Nana Akufo-Addo of Ghana, Alassane Ouattara of Ivory Coast, Muhammadu Buhari of Nigeria and Togolese leader Faure Gnasssingbe.

The meeting was chaired by Niger’s head of state, Mahamadou Issoufou, who was appointed by his peers in 2013 to oversee the process for the realization of a single current for the region.

The Niamey talks revolved around the implementation of a strategy to strengthen and accelerate the process of realizing the single currency.

Since 2015, West African states have intensified efforts towards meeting the monetary convergence criteria between ECOWAS member countries using the CFA franc and those with national currencies ahead of a single currency.

The fifteen nations making up the regional grouping are looking to realize a single currency by 2020.


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