ECOWAS single currency to take off in 2020

The ECOWAS single currency is billed to come into use in 2020 if plans by the Economic Community of West Africa materialize.
This was disclosed today in Calabar by the head of ECOWAS National Unit, Ghana, Mr. Bonaventure Adjavor at the meeting on strategic planning framework for 2016-2020 organised by the West African body.
Adjavor said differences in language notwithstanding, the dream of having a single currency will materialize as it would facilitate the movement of people and communication in the region.

“I do not see language as a barrier to single currency, the process to adopt the currency is ongoing and a new timetable has been set for 2020.

“We need to work towards that and achieve the vision 2020. The move for this currency was agreed by Heads of Government of ECOWAS countries in June 2001 but it was not realized. We have put in place all frameworks to ensure that the single currency note is achieved in 2020,” he said.