Africa-Press – Liberia. The ECOWAS Commission is urging renewed commitment and collective responsibility among member states to realize the regional monetary union goal by 2027.
Speaking at a joint meeting of the ECOWAS Commission and the West African Monetary Agency (WAMA) Technical Committee in Monrovia, Iliyasu M. Bobbo—representing the ECOWAS Commissioner for Economic Affairs and Agriculture—called for decisive action to address persistent implementation gaps.
“The moment calls for commitment, technical leadership, and collective responsibility,” Bobbo emphasized. He noted that the meeting aims to provide the ECOWAS Convergence Council with clear and actionable recommendations for the Authority of Heads of State.
Bobbo reported that the region has made gradual progress in economic fundamentals, including improvements in macroeconomic stability and revenue collection. However, he acknowledged that critical activities remain delayed due to a lack of consensus among member states.
To accelerate progress, the ECOWAS Commission is advocating for closer collaboration among regional institutions to streamline decision-making and speed up policy adoption. The meeting in Liberia brought together key stakeholders to address ongoing challenges and advance the regional integration agenda.
Despite encouraging trends, Bobbo urged member states to “place the collective interests of the community above all other considerations.” The meeting will review the ECOWAS Convergence Report and the roadmap for launching a single regional currency.
The outcomes are expected to shape the region’s path toward sustainable development and enduring economic convergence.
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