The Economic Community of West African States (ECOWAS) has directed its Commission to immediately convene a meeting of the President’s Task Force to fast-track the process towards the launch of the ECO, the bloc’s planned single currency.
This is according to a statement issued by ECOWAS on its official Twitter (X) handle on Tuesday, following the 14th Session of the Convergence Council held by videoconference on September 7, 2026.
The meeting assessed progress toward establishing the ECOWAS Single Currency and reviewed outstanding requirements ahead of the proposed July 1, 2027 rollout date.
What they are saying
According to the Commission, the Council considered the report of the 68th Meeting of the Committee of Governors (CoG) of ECOWAS central banks held on September 4, 2026.
The governors’ meeting followed the 3rd Joint Meeting of the Technical Committee on Macroeconomic Policies of the ECOWAS Commission and the Technical Committee on Economic and Monetary Affairs of the West African Monetary Agency (WAMA), which took place between August 31 and September 2, 2026.
To maintain momentum, the Convergence Council directed the ECOWAS Commission to urgently convene a meeting of the Presidents’ Task Force to accelerate implementation efforts.
- “The Council requested ECOWAS Commission to immediately convene the Meeting of the President Task Force to fast track the process,” the statement noted.
The move is expected to strengthen coordination among member states and address any remaining technical and institutional challenges ahead of the planned launch.
Progress evaluation
ECOWAS said the meetings examined the economic performance of member states, reviewed their convergence status, and evaluated progress made on the remaining conditions required for the launch of the ECO.
- “The meetings reviewed…
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