Freetown, Sierra Leone – Vice President Dr. Mohamed Juldeh Jalloh has reiterated Sierra Leone’s firm commitment to the West African Monetary Zone (WAMZ) and the broader ECOWAS single currency initiative, underscoring the country’s dedication to regional economic integration.
Addressing delegates at the 53rd Meeting of the Convergence Council of Ministers and Central Bank Governors in Freetown, Dr. Jalloh extended a warm welcome on behalf of President Julius Maada Bio.
He encouraged participants to explore Freetown’s rich history while engaging in discussions aimed at strengthening financial cooperation across the region.
“Despite the setbacks we have faced, our resolve remains strong to advance the WAMZ single currency project and deepen regional integration,” Dr. Jalloh stated.
The Vice President acknowledged the various challenges that have delayed the launch of the ECOWAS common currency, including the Ebola outbreak, the COVID-19 pandemic, and the economic disruptions caused by the Russia-Ukraine conflict. He praised regional institutions such as the West African Monetary Agency (WAMA) and the West African Monetary Institute (WAMI) for their continued efforts in keeping the initiative on track.
“Our commitment is not just in words but in action, as we continue implementing economic policies that support integration and stability,” he added.
Dr. Jalloh called on WAMZ member states to remain resilient and collaborate effectively to achieve the long-standing vision of a unified West African economy.
The meeting in Freetown marks a crucial moment for discussions on the future of the ECOWAS single currency, as leaders and policymakers seek solutions to overcome economic barriers and drive regional financial integration forward.
