West Africa To Use single currency by 2020

There is going to be a single currency in West Africa by 2020 , Ghana will soon change its currency as it joins the rest of West Africa to fast track moves to achieve a common currency by 2020.

This was after leaders of the Presidential Task Force on common currency for the West African Monetary Zone (WAMZ) converged on the capital of Niger with the agenda of quickening the process of achieving this goal. The outcome of the crucial meeting was captured in a communique which said that the ministerial committee had been instructed to meet within three months to propose a new road map to accelerate the creation of the single currency by 2020. The communique also said that a framework had been agreed that would facilitate a gradual approach, where a few countries which are ready can start the monetary union, with other countries joining later.

The fight for a single currency has lingered since 2013, but a special summit appointed the presidents of Ghana and Niger to handle the introduction of the single currency in West Africa. READ ALSO: Counselor Luterrodt releases his list of 'irrelevant' gospel musicians in Ghana West Africa is adopting a single currency in the next three years as part of moves to achieve a strong and singular trade facilitation regime. It also forms part of efforts to present the whole of West Africa as an economic regional force in Africa and the rest of the world.