VP Juldeh Jalloh On ECOWAS Single Currency

Vice President of the Republic of Sierra Leone, Dr. Mohamed Juldeh Jalloh has reaffirmed Sierra Leone’s strong commitment to the West African Monetary Zone (WAMZ) and the broader ECOWAS single currency initiative, emphasizing the country’s dedication to regional economic integration.

Speaking at the 53rd Meeting of the Convergence Council of Ministers and Central Bank Governors in Freetown, Dr. Jalloh welcomed delegates on behalf of President Julius Maada Bio, encouraging them to explore the city’s rich history while deliberating on strategies to strengthen financial cooperation.

“Despite the setbacks we have faced, our resolve remains strong to advance the WAMZ single currency project and deepen regional integration,” he stated.

VP Juldeh JALLOH highlighted the challenges that have delayed the launch of the ECOWAS common currency, including the Ebola outbreak, the COVID-19 pandemic, and global economic disruptions caused by the Russia-Ukraine crisis and commended the efforts of regional institutions such as the West African Monetary Agency (WAMA) and the West African Monetary Institute (WAMI) for keeping the vision alive.

“Our commitment is not just in words but in action, as we continue implementing economic policies that support integration and stability,” he added. He urged member states to remain resilient and collaborate effectively to realize the shared goal of a unified West African economy.