currency union
56th Ordinary Session of the Authority of the Heads of State and Government of the Economic Community of West African States (ECOWAS) opened on the 21st December 2019, at the Banquet Hall, State House, Abuja, Nigeria.

Putting the Cart before the Horse? The Problem with a Currency Union for West Africa

Despite the modest success of their previous attempts at improving regional trade and integration, West African governments are considering turning ECOWAS into a monetary union and adopting a single currency managed by a single central bank. It is a well-accepted idea that trade can promote inclusive economic growth and raise living standards. However, when compared with other regions of the world, trade has historically been very low within Africa. As such, most Africa countries have been un
 

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