VP Juldeh Jalloh Reaffirms Sierra Leone’s Commitment to ECOWAS Single Currency And Regional Economic Integration

VP Juldeh Jalloh Reaffirms Sierra Leone’s Commitment to ECOWAS Single Currency and Regional Economic Integration

By Aaron Parker

Vice President Dr. Mohamed Juldeh Jalloh has reaffirmed Sierra Leone’s unwavering commitment to the West African Monetary Zone (WAMZ) and the broader Economic Community of West African States (ECOWAS) single currency initiative, emphasizing the nation’s active role in fostering regional economic integration.

Addressing delegates at the 53rd Meeting of the Convergence Council of Ministers and Central Bank Governors held in Freetown, Dr. Jalloh underscored Sierra Leone’s determination to overcome challenges and contribute to the realization of a unified West African economy. Speaking on behalf of President Julius Maada Bio, he warmly welcomed participants and encouraged them to explore Freetown’s vibrant culture and historical significance during their stay.

Dr. Jalloh acknowledged the significant hurdles that have slowed progress toward the adoption of a single regional currency, citing health crises such as the Ebola outbreak, the global COVID-19 pandemic, and the economic impact of the Russia-Ukraine conflict. Despite these setbacks, he assured that Sierra Leone remains steadfast in its efforts to implement sound economic policies that align with regional integration objectives.

He praised the work of key regional bodies, including the West African Monetary Agency (WAMA) and the West African Monetary Institute (WAMI), for their relentless pursuit of the single currency vision, even in the face of adversity. Dr. Jalloh called on member states to remain resilient and foster greater cooperation, emphasizing that collective action is crucial to achieving economic stability and growth across West Africa.

As discussions continued during the meeting, the Vice President expressed optimism about the future of the WAMZ project, highlighting Sierra Leone’s proactive stance in driving economic reforms that support the region’s financial aspirations. His address concluded with a renewed call for unity and collaboration among West African nations to ensure the successful implementation of the single currency and broader economic integration goals.

The 53rd Convergence Council Meeting provided a platform for critical discussions on financial policies, convergence criteria, and strategies to enhance monetary cooperation, with Sierra Leone playing a key role in steering the region toward a more integrated and resilient economic future of the WAMZ project.