Launch of ECOWAS Single Currency ‘eco’ Postponed Till 2027

0
81
eco ecowas

The 15-nation Economic Community of West African States (ECOWAS) has agreed to postpone the debut of its single currency, the “eco,” until 2027.

READ:  LAGOS TRAFFIC : MOTORIST HEAVE A SIGH OF RELIEF AS CONTAINERS,  TANKERS START MOVEMENT BY RAIL

Jean-Claude Kassi Brou, President of the ECOWAS Commission, stated this at a news conference after a summit of leaders in Ghana on Saturday.

The bloc had planned to launch a common currency this year but postponed the plan due to challenges posed by the coronavirus pandemic.

“Due to the shock of the pandemic, the heads of state had decided to suspend the implementation of the convergence pact in 2020-2021,” Brou told journalists

READ:  COVID-19: Produce PPE's To Fight The Virus - Ikpeazu Challenges Aba Manufacturers

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.