News:
March 16, 2019
As the Economic Community of West African states (ECOWAS), sets a new date, the year 2020 for the implementation of a single currency within the West African sub-region after several postponements, Secretary General of the community Parliament, John Azumah, has said the institution is prepared to support for the decision of the Authority of Heads of States and Government in the implementation of the single currency in 2020.
He made this remarks at an ECOWAS Parliament seminar in Dakar Senegal at the just ended Extra Ordinary Session of the institution.
“We are asking them to be very firm and resolute on the date, and that the date should not be changed, there should be a political will that it should be done in 2020”.
Mr. John Azumah however observed that the lawmakers are constrained in what they can do because of the limited resources available to them and further added that the same problem affects all other ECOWAS institutions.
“To tell the truth, there are issue of resources that affects all ECOWAS institutions it is not only the Parliament, again ECOWAS institutions generally rely on the community levy subventions. There have been some challenges in the collection of the levy, and even the transmission of the amount collected by member states, so, that reduces the amount of resources available to the Parliament, “when we doing budgeting”
Kwaku Sakyi-Danso/ghanamps.com