ECOWAS : Togo is so far the only Ecowas member to meet the convergence criteria required for the adoption of a single currency

Economic governance
Friday, 13 December 2019 12:51
ECOWAS : Togo is so far the only Ecowas member to meet the convergence criteria required for the adoption of a single currency

(Togo First) - Togo is to date the only member of the Economic Community of West African States (ECOWAS) to meet the main criteria set for the creation of a single currency for the community. 

This was reported by the News Agency of Nigeria (NAN), which cited Zainab Ahmed, Nigeria's minister of finance. The official made the statement last week at a meeting regrouping Ecowas' ministers of finance and heads of central banks - to discuss about the single currency. 

The Nigerian minister added that adopting a single currency next year, as scheduled, will be very difficult given the actual context. 

On December 21, the presidents of Ecowas countries should meet in Abuja, to assess recommendations of the ministers of finance regarding the single currency project. 

R.E.D

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