Friday, November 22, 2024

ECOWAS leaders meet in Accra over Single Currency

Must read

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...
Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

Heads of State from the Economic Community of West Africa States ECOWAS are meeting in Accra on Wednesday in a bid to fast track processes towards meeting the 2020 target for the introduction of a single currency ECO.

Wednesday’s meeting was preceded by a meeting by Finance Ministers and Central Bank Governors in the Sub region.

The leaders are expected to adopt a revised road-map to accelerate the creation of the single currency. Several attempts to introduce the single currency in 2015 was postponed in 2014.

Attempt to meet the target again could not materialize due to the recent outbreak of Ebola in the three of the West African Countries namely SierraLeone Guinea and Liberia.

The development took a huge toll on the economies of these three countries thereby affecting the timelines for meeting the target.

Welcoming West African Heads of State to Accra for the 5th Presidential Task-force meeting, Ghana’s Vice President was optimistic that the outcome of Wednesday’s meeting will help in achieving the new 2020 target.

The last meeting of the presidential task force on the single currency was held in Niamey, Niger in October 2017.

 

Source: Africafeeds.com / Fred Dzakpata

- Advertisement -

More articles

- Advertisement -

Latest article

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...