BUSINESS NEWS
Heads of State agree to push new ECOWAS single currency to 2027
• A new roadmap towards the ECOWAS single currency has been adopted
• The single currency is expected to take off by 2027
• The agreement was arrived at during the 59th Ordinary Session of the ECOWAS in Accra
After many years of planning, a new roadmap to launch the Economic Community of West African States (ECOWAS) single currency in 2027, has been adopted.
This agreement, according to Dr. Jean-Claude Kassi Brou, President of the ECOWAS Commission, was arrived at by all Heads of State of ECOWAS at the 59th Ordinary Summit in Accra, yesterday, reports the GNA.
“Due to the shock of the pandemic, the heads of state had decided to suspend the implementation of the convergence pact in 2020-2021,” Dr. Brou said.
“We have a new road map and a new convergence pact that will cover the period between 2022 and 2026, and 2027 being the launch of the Eco,” he said.
He also added that the Heads of State had requested of the ministerial committee to take a look at the new roadmap and the convergence pact, considering the lessons the coronavirus pandemic has brought on the sub-region.
Source: www.ghanaweb.com
-
GENERAL NEWS1 week ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS1 week ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News1 week ago
Woman thrown out of a speeding taxi while on her way to work
-
News Africa3 weeks ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church
-
Entertainment Africa2 weeks ago
This is why Kelly Khumalo’s Stunning Outfit is trending
-
POLITICS4 weeks ago
Watch how Frema Opare reacted when she saw Asamoah Gyan at launch of Bawumia’s manifesto committee
-
POLITICS3 weeks ago
The spiritual directions that made Kufuor become president
-
GENERAL NEWS1 month ago
Men are afraid to date me – ‘Bearded’ woman cries out