 |
|
| Author |
 Topic  |
|
|
kobo
United Kingdom
7765 Posts |
 Posted - 09 May 2014 : 18:52:29
|
1. The Point News Editorial: In support of regional integration
Friday, May 09, 2014
Ghana’s vice president Kwesi Amissah-Arthur has been quoted as saying that West Africa is likely to face challenges greater than those experienced by the Euro Zone in its quest to operate a single currency without social, economic and political integration.
We share the view that West African countries must give up a degree of their sovereignty and converge politically so as to avoid potential problems, after the launch of the West Africa Monetary Zone come January 2015.
The introduction of the ECO and launch of WAMZ would be feasible if all macro-economic convergence criteria were met, adding that the process must also include the completion of the harmonization of all fiscal, financial and monetary policies, he also stated.
He added that rushing into an unsustainable monetary integration that has the potential of deepening the macro-economic woes of the member states of the Economic Community of West African States (ECOWAS) would be disastrous.
The establishment of the West African Common Currency (the ECO) was delayed from January 2003 to December 2005, then to December 2009 and now January 2015.
‘Monetary is not just a matter of economics. It is political in the sense that it involves fiscal discipline, trade policies, investment decisions and even security considerations,’ he said.
He said the Euro Zone crisis has huge implications for the WAMZ since the envisaged closer economic integration in the sub-region was seen as an important strategy to expand markets and the trading of goods between member states....Full Report
2. RELATED BANTABA TOPIC GAMBIA- SENEGAL BORDER OPENS
|
Edited by - kobo on 09 May 2014 18:53:06 |
|
|
kobo
United Kingdom
7765 Posts |
Posted - 20 May 2014 : 05:59:45
|
The Point News Editorial: Monday, May 19, 2014 ECOWAS to end the ‘discrimination and harassment’
We understand that ECOWAS “has launched the process for the review of its flagship free movement protocol,” and that “this is aimed at eliminating the requirement for residence permit which has been a source of discrimination and harassment of community citizens.”
ECOWAS Commission president Kadré Desire Ouédraogo was reported to have disclosed this recently in Abuja, when he received the letters accrediting Burkina Faso’s new special representative to ECOWAS.
“We hope the revised instrument will be signed during the next summit of regional leaders so that our people can feel as one people,” he said about the 35-year-old protocol on free movement of persons, the right of residence and establishment.
That this will happen so soon would be a most welcomed development!....Full report |
Edited by - kobo on 20 May 2014 06:07:28 |
 |
|
| |
Topic |
|
|
|
| Bantaba in Cyberspace |
© 2005-2024 Nijii |
|
|
|
West African Common Currency (the ECO) & WAMZ
