ECOWAS heads of state confirm ECO launch for 2027
via Lefaso.net1 min read
Heads of State and Government of the Economic Community of West African States ECOWAS have reaffirmed their commitment to launching the ECO, the regional organization's future single currency, by 2027. This decision was announced following the 69th ordinary session of the Conference of Heads of State and Government, held on July 19, 2026, in Lungi, Sierra Leone. Through this reaffirmation, West African leaders aim to accelerate the region's economic and monetary integration process. The ECO project is considered a major step in building a more integrated common market, capable of facilitating trade, reducing transaction costs, and strengthening the competitiveness of member states' economies. According to ECOWAS officials, adopting a single currency should also contribute to improving macroeconomic stability, fostering investment, and strengthening the resilience of West African economies to external shocks. It is one of the organization's flagship projects in its pursuit of deeper regional integration. By reaffirming the 2027 deadline, ECOWAS demonstrates its determination to overcome obstacles and continue implementing one of the most ambitious projects of West African integration. If the timeline is respected, the ECO will mark a new stage in strengthening economic cooperation among countries in the sub-region.
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