At the summit of ECOWAS Heads of State on Saturday, June 19, Commission Chairman Jean-Claude Kassi Brou presented a new roadmap. The launch of the eco is now for 2027.

The eco will be launched in 2027. The project of a common currency for the fifteen ECOWAS countries is back on track after being suspended due to the pandemic. Since 2020, the process has been at a standstill, due to the Covid-19 pandemic, ECOWAS member countries had suspended their monetary convergence pact. It will resume in 2022, announces Jean-Claude Kassi Brou, the president of the ECOWAS Commission, until 2027. According to the Senegalese economist Moubarack Lô, it seems difficult to converge a country like Nigeria and its 10% inflation with those of the WAEMU zone, the West African economic and monetary union, the current franc zone, where inflation is below 2%. Moreover, the divergent economic interests between oil-producing countries on the one hand and importing countries on the other, must be reconciled.