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ECOWAS TAKES DECISION ON SINGLE CURRENCY
The Director-General of the West African Monetary Institute (WAMI), Olorunsola Olofeso, revealed this development during the 51st meeting of the Convergence Council of WAMZ held in Abuja over the weekend.
According to Dr. Olofeso, the key convergence indicators, critical benchmarks that member states must meet to achieve the monetary union, have seen a notable decline.
This setback raises concerns about the feasibility of introducing a unified currency in the near future, a goal that has been part of the region’s economic integration efforts for years.
