The Implication Of Common Currency For West African Countries

The Implication Of Common Currency For West African Countries

Offer

This design exploration is primarily aimed at dealing with the counteraccusations of a common currency for West African countries. As the world is geared towards globalization, West African countries supposed it veritably imperative to borrow the use of common currency in thesub-region just like their European or Francophone counterparts.

The central focus of this exploration is to know the extent to which the ECOWAS member countries have gone in establishing a common currency for West African, to find out if the preface of West African common currency will enhance profitable growth and development in thesub-region; to examine some policy measures introduced to boost the relinquishment of a west African common currency. To achieve these, the experimenter made use of both primary and secondary data questionnaire were considerably distributed to the officers of CBN( Enugu zonal office), First Bank Plc( zonal office Enugu) and NACIMA also in Enugu.

Grounded on the objects of the study, the findings reveal that the extent to which the ECOWAs member countries have gone in establishing a common currency for west Africa isn’t emotional nor encouraging. The establishment of a common currency for west Africa will only enhance profitable growth and development in the sub” region if member stats are sincere and devoted to the common ideal, the policy measures introduced to boost the relinquishment of a west Africa, common currency is less encouraging and other berecuatracice associated with the preface of common currency for west Africa in relation to trade within thesub-region couldn’t help matters. Grounded on this findings, recommendations were member countries that should be devoted and committed to the design as it will, unequivocally, enhance their profitable well” being an boost their political and profitable image worldwide.

TABLE OF CONTENTS

Title runner II

blessing runner III

fidelity IV

Acknowledgement V

Table of contents VII

List of tables

Offer VI

CHAPTER ONE

preface 1

Background of the study 1

Statement of the problem 4

Purpose of the study 5

exploration questions 6

Significance of the study 6

compass and limitation of the study 7

reference 9

CHAPTER TWO

Literature review 10

preface 10

West African Countires” ECOWAs 12

Problem of ECOWAs 17

West African Currency Board( WACB) 18

West African Currency Board operation 20

The conception” common currency 21

Global common currency 23

The Euro” Dollar 23

The need for global common currency 24

operation, headquarters and mode of operation of West African Common Currency 31

The prospect o common currency for West African 33

The problems facing the establishment of common currency for Africa. 35

References 39

CHAPTER THREE

exploration methodology

system of disquisition 42

Instrument of data collection 42

Primary sources of data 43

Secondary sources of data 43

Population and determination of sample size 44

Validity and trustability of exploration instrument 46

CHAPTER FOUR

Data donation and analysis 47

Data analysis ways 47

Analysis of questionnaires 48

CHAPTER FIVE

Summary of findings, recommendations and conclusion

Summary of findings 65

Recommendations 66

Conclusion 68

Bibliography 69

excursus 73