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Breaking: The Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States have advanced plans to launch the single currency initiative, known as the ECO for African Countries: Join Africa Choice Here for more incentives.
This initiative envisioned to propel economic growth and development throughout the West African sub-region, received Nigeria’s, as well as other African countries' endorsement.
The single currency is part of the features in the three-in-one Identity cards planned by the National Identity Management Commission and set for roll-out by August this year 2024
A statement from the Ministry of Finance signed by the Director Of Press, Mohammed Manga, on Friday, said Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, noted the critical role the ECO Africa Currency will play in fostering “economic growth and development in the region,” further emphasizing Nigeria’s unwavering commitment to its successful implementation.
The meeting marks a significant milestone on the path towards realizing this ambitious goal.
The statement noted that participants went through the preparations for the single currency’s introduction, laying the groundwork for a more integrated economic future for the fifteen ECOWAS member states.
“The vision for the ECO extends beyond a mere currency. It aspires to become a cornerstone of economic integration, streamlining trade and bolstering monetary stability across the region.”
This week’s gathering brought together key players instrumental in making this vision a reality including the Minister of Finance of Cape Verde, Mr. Olavo Correia, the Minister of Finance and Economic Affairs of Cote d’Ivoire, Mr. Adama Coulibaly, and the Ghanaian Minister of Finance, Mr. Mohammed Amin Adam amongst other representatives and the project is progressing.
According to the statement, “The meeting culminated in a renewed sense of purpose surrounding the ECO’s introduction. Participants emerged with a shared belief that the single currency holds immense potential to reshape the economic landscape of the region, paving the way for a more prosperous future for all member states”. Join Africa Choice here for more incentives. Check out the Marketplace
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This initiative envisioned to propel economic growth and development throughout the West African sub-region, received Nigeria’s, as well as other African countries' endorsement.
The single currency is part of the features in the three-in-one Identity cards planned by the National Identity Management Commission and set for roll-out by August this year 2024
A statement from the Ministry of Finance signed by the Director Of Press, Mohammed Manga, on Friday, said Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, noted the critical role the ECO Africa Currency will play in fostering “economic growth and development in the region,” further emphasizing Nigeria’s unwavering commitment to its successful implementation.
The meeting marks a significant milestone on the path towards realizing this ambitious goal.
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The statement noted that participants went through the preparations for the single currency’s introduction, laying the groundwork for a more integrated economic future for the fifteen ECOWAS member states.
“The vision for the ECO extends beyond a mere currency. It aspires to become a cornerstone of economic integration, streamlining trade and bolstering monetary stability across the region.”
This week’s gathering brought together key players instrumental in making this vision a reality including the Minister of Finance of Cape Verde, Mr. Olavo Correia, the Minister of Finance and Economic Affairs of Cote d’Ivoire, Mr. Adama Coulibaly, and the Ghanaian Minister of Finance, Mr. Mohammed Amin Adam amongst other representatives and the project is progressing.
According to the statement, “The meeting culminated in a renewed sense of purpose surrounding the ECO’s introduction. Participants emerged with a shared belief that the single currency holds immense potential to reshape the economic landscape of the region, paving the way for a more prosperous future for all member states”. Join Africa Choice here for more incentives. Check out the Marketplace
Get access to the Whatsapp Bulk Sender Application Here and discover simple system you can use to send unlimited Whatsapp messages across hundreds, thousands or millions of whatsapp numbers. Grow your business with this Whatsapp kit now