Heads of State of the Economic Community of West African States (ECOWAS) are to meet to discuss the adoption of a single currency – the Eco – for the sub-region.
The Eco is the proposed name for the common currency that the West African Monetary Zone (WAMZ) plans to introduce in the framework of the Economic Community of West African States (ECOWAS)
Nigeria’s Minister of Foreign Affairs, Geoffrey Onyeama, announced this to newsmen on Thursday after a meeting with the Minister of Finance, Zainab Ahmed and the President of ECOWAS Jean-Claude Brou.
He said the sub-regional body would hold a meeting of the ECOWAS Authority of Heads of State and Government to ensure all member states were on the same page.
He said that there was no division between Anglophone and Francophone countries within ECOWAS over the single currency adoption.
“That is a whole point of organising this meeting very quickly so that we can dispel that notion that there is a division.
ECOWAS President said ECOWAS was doing its best to advance the process.