ECOWAS As A Case Study - SS3 Economics Past Questions and Answers - page 1
What is the common currency of the ECOWAS monetary union?
Naira
Cedi
CFA Franc
Eco
What is the main objective of ECOWAS?
To promote economic and trade relations among member countries
To promote political unity among member countries
To establish a military alliance among member countries
To promote cultural exchanges among member countries
What is the name of the institution that oversees the implementation of ECOWAS policies and programs?
African Union Commission
United Nations Development Programme
World Trade Organization
ECOWAS Commission
What are some of the measures that ECOWAS has implemented to promote economic integration among member countries?
ECOWAS has implemented measures such as the establishment of a free trade area, the adoption of a common external tariff, the establishment of a regional customs union, and the establishment of a regional monetary union with a common currency, the Eco.
What are some of the challenges that ECOWAS still faces in promoting economic integration among member countries?
ECOWAS still faces challenges such as the persistence of trade barriers, inadequate infrastructure, and the lack of political will to implement its policies and programs. There is also a need for more harmonization of economic policies among member countries.