January 30, 2023

Speaker of the Community Parliament, Dr Sidie Mohamed Tunis has tasked member States to carry out policies that will kick start economic growth of the sub-region in order to reduce the economy dependency on the foreign countries.

Dr Tunis made this known at the closing ceremony of the first 2023 parliamentary seminar on Sequencing ECOWAS Monetary Cooperation Towards Single Currency underway in Guinea Bissau.

Dr Tunis who was represented by the Fourth Deputy Speaker: Adja Satu Camara Pinto, stated the need for cooperation within the ECOWAS region for harmonisation.

“There is need for monetary policy in the sub-region, now that we have realised the economy growth in our country that is very important. Member States also need to take actions that will require payment systems, harmonisation, integration and necessary infrastructure for our sub-region. I believe that all of us will agree to work together towards achieving our objectives. We also need to sensitize our communities on the single Currency”.

In his remarks, Hon Califa Seidi from Guinea Bissau, urged member States to look more inward on making the ECOWAS economy stronger than issue of single Currency.

He said, “As far as the mechanism is concerned, nothing has been achieved when you come to the issue of single Currency, the population of National sovereignty is very vital, our leaders have a very big role to play by sensitising the populace”.

According to him, we should not only be talking about the single Currency now, stating that for him, the introduction is not successful. “We should be looking at a strong economy. We do not produce despite the fact that we have a lot of raw materials”.