Regrouped last Tuesday in Niamey, five Heads of States of the ECOWAS, and the president of the community’s commission, Marcel De Souza, have numbered the various challenges to tackle in order to for the region to have a single currency.

According to De Souza, roadmaps were not respected and too much delay was registered in implementing convergence measures. According to the Commission’s Head, making the change by 2020 is no more achievable.

On the initiative of President Mahamadou Issoufou (Niger), Faure Gnassingbé, actual president of the ECOWAS, Alassane Ouattara (Côte d’Ivoire), Nana Akufo-Addo (Ghana) and Muhammadu Buhari (Nigeria), recommended that nations with the most advanced economic convergence criteria rapidly act, following the example of Europe and the Euro zone.

For President Issoufou, these countries can still achieve their goal by 2020. An opinion not shared by Nigeria’s President who urged for more caution in the process.

Finally, it was concluded to elaborate a new roadmap which should be adopted within three months at the occasion of a new summit.