Vice President Dr. Mohamed Juldeh Jalloh (photo) has reiterated Sierra Leone’s firm commitment to the West African Monetary Zone (WAMZ) and the ECOWAS single currency initiative, underscoring the nation’s dedication to regional economic integration.
Addressing the 53rd Meeting of the Convergence Council of Ministers and Central Bank Governors in Freetown, Dr. Jalloh, on behalf of President Julius Maada Bio, welcomed delegates and encouraged them to explore the city while discussing strategies to enhance financial cooperation.
“Despite the setbacks, our resolve to advance the WAMZ single currency project and deepen regional integration remains strong,” he affirmed.
Dr. Jalloh acknowledged the challenges that have delayed the ECOWAS common currency launch, including the Ebola outbreak, the COVID-19 pandemic, and the global economic disruptions stemming from the Russia-Ukraine crisis.
He praised the efforts of regional bodies like the West African Monetary Agency (WAMA) and the West African Monetary Institute (WAMI) in sustaining the vision. He also detailed Sierra Leone’s ongoing economic reforms in food security and infrastructure development, aimed at boosting domestic production and strengthening trade ties with Guinea and Liberia.
“Our commitment is evident not just in words but in actions, as we continue to implement economic policies that support integration and stability,” he stated.
With the 2027 ECOWAS Monetary Union deadline approaching, Dr. Jalloh urged member states to remain resilient and collaborate effectively to achieve the shared goal of a unified West African economy.