Gambia remains committed to the ECO, urges member states to do same

Earlier today, President Adama Barrow participated at the ECOWAS virtual summit on the implementation of ECOWAS single currency-ECO.

Addressing the Summit, President Barrow stated that The Gambia is committed to the revised roadmap of the ECOWAS Monetary Cooperation Programme, adding that the commitment has been translated into sustained improvements on achieving the set of macroeconomic convergence criteria.

He pointed out that The Gambia has constantly achieved three of the four primary convergence criteria, missing only the Budget deficit criterion.

Reiterating that any viable monetary union must be anchored to a sustainable macroeconomic foundation, President Barrow urged members states to sustainably achieve, on a three-year basis, all the criteria for the effective implementation of the single currency.

The President assured member states of The Gambia’s commitment to the single-track approach while urging them to remain resolute to the cause of the programme.

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