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| African currencies |
The
Economic Community of West African States has set 2020 as deadline for the use
of single currency in the region.
The Head
of ECOWAS National Unit, Ghana, Mr. Bonaventure Adjavor, said this on Monday in
Calabar, the Cross River State capital, during a meeting of the commission on
strategic planning framework for 2016-2020.
He said
in spite of language difference, French, English and Portuguese, the commission
would ensure a single currency note in 2020.
Adjavor
who was the chairman of the meeting, said the currency 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.
Also, the
Director of Strategic Planning, ECOWAS Commission, Mr. Essien Abel-Essien, said
that the committee was working tirelessly to ensure that single currency note
for the region is achieved by 2020.
According
to him, after the committee work, the implementation would be largely dwell on
the ECOWAS Heads of States.
He said
that the meeting was organized to harvest ideas and inputs that would ensure
the preparation of strategic documents that reflects the aspiration of ECOWAS
vision 2020.
The 2020
vision seeks to create a borderless, peaceful, prosperous and cohesive region,
built on good governance.
Essien
said, “It will also give people the capacity to access and harness its enormous
resources through the creation of opportunities for sustainable development and
environmental preservation.
“The
2016-2020 vision is specifically to ensure congruence of purpose and to ensure
the effective mobilization and utilization of the region’s abundant resources
and comparative advantage.
“It will
also provide the general framework for advancing integration work in the region
and guiding national development planning process.”
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