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ECOWAS Finance Ministers, Central Bank Governors move to introduce ECO

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The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun on Thursday hosted a virtual high-level committee meeting at the Finance Headquarters, Abuja to discuss the practical arrangements for the introduction of the ECOWAS single currency, known as the ECO.
This is coming with a renewed sense of purpose and commitment to fostering economic growth and development within the West African Sub-Region
A statement by the Director of Information and Public Relations, Mohammed Manga indicated that the meeting brought together key stakeholders, including the Central Bank of Nigeria, the Minister of Finance of Cape Verde, Mr. Olavo Correia, the Minister of Finance and Economic Affairs of Cote d’Ivoire, Mr. Adama Coulibaly, and the Ghanaian Minister of Finance, Mr. Mohammed Amin Adam, as well as other distinguished representatives
According to the statement, the ECO aims to promote economic integration, facilitate trade, and enhance monetary stability among the fifteen member states of the Economic Community of West African States (ECOWAS).

“The session marked a significant step towards the realization of this goal, as participants discussed preparations for the introduction of the single currency.
Edun emphasized the importance of the ECO in fostering economic growth and development in the region and reiterated Nigeria’s commitment to the successful implementation of the single currency.

The meeting concluded with a renewed sense of purpose for the introduction of the ECO, which is expected to have a positive impact on the region’s economic prospects.

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West Africa

Liberia Seeks Climate Partnership with Nigeria to Strengthen Climate Resilience

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In a bid to bolster its fight against climate change, a high-powered delegation of Liberian parliamentarians and environmentalists has sought strategic collaboration with Nigeria, recognizing the country’s climate policies as a model for Africa.

Led by Hon. Ernest Manseah Snr, the Liberian team engaged with Nigeria’s Senate and House of Representatives Committees on Ecology and Climate Change at the National Assembly in Abuja on Thursday.
Their discussions centered on Nigeria’s climate governance framework, particularly its pioneering Climate Change Act, and how Liberia can adapt similar measures to tackle environmental challenges.

Speaking at the Senate session chaired by Senator Seriake Dickson (Bayelsa West), Hon. Manseah Snr highlighted Nigeria’s proactive climate strategies as a benchmark for Liberia’s own climate resilience efforts.
“We have come to learn from you, distinguished members of this committee, on how Nigeria has been mitigating the effects of climate change,” he said.
“In Liberia, we are considering the establishment of a Climate Fund, but beyond funding, we want to tap into Nigeria’s strategies for tackling environmental challenges.”
In response, Senator Dickson emphasized the urgency of African nations working together to combat climate change.
He pointed out that Nigeria’s ‘Climate Change Act—the first of its kind in Africa’ provides a legal foundation for the country’s mitigation and adaptation measures.
“Climate change is a major challenge that requires collective efforts across Africa,” Senator Dickson said.
“Nigeria is ready to support Liberia’s climate initiatives, and we look forward to strengthening this partnership.”
Other committee members, including Senate Minority Whip Osita Ngwu (Enugu West), Senator Adetokunbo Abiru (Lagos East), and Senator Victor Umeh (Anambra Central), applauded the initiative and called for a continent-wide collaboration on climate policies, disaster response, and environmental sustainability.
While discussions focused on policy frameworks, experts have stressed the need for grassroots climate adaptation projects to protect vulnerable communities from rising sea levels, deforestation, and extreme weather events. Liberia, which faces severe environmental threats, hopes to learn from Nigeria’s experience in implementing climate-smart solutions at both national and local levels.
The delegation later proceeded to meet with the House of Representatives Committee on Ecology and Climate Change for further engagements.
As Africa grapples with the devastating effects of climate change, this proposed Nigeria-Liberia partnership could serve as a blueprint for broader regional cooperation—one that not only strengthens climate policies but also empowers communities to adapt and thrive in an era of global environmental uncertainty.

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West Africa

Randy Abbey’s COCOBOD Appointment Marks a New Era for Ghana’s Cocoa Industry

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The appointment of Randy Abbey as the new Chief Executive Officer of the Ghana Cocoa Board (COCOBOD) by President John Dramani Mahama has ignited widespread optimism within the cocoa industry.
Stakeholders see this leadership transition as a defining moment for Ghana’s cocoa sector, one that could reshape policies, empower farmers, and reinforce the country’s position as a global cocoa powerhouse.
The Cocoa Farmers Alliance Association of Africa (COFAAA) has been among the most vocal in welcoming the appointment. In a statement signed by its President, Comrade Adeola Adegoke; Public Relations Officer, Nana Yaw Reuben; and Secretary, Nabyoullah Dosso, the association lauded Abbey’s expertise and vision.
“This appointment comes at a crucial time for Ghanaian cocoa farmers. We believe Mr. Abbey’s leadership will bring innovative policies that enhance sustainability, productivity, and farmer welfare,” COFAAA’s statement read.

Ghana, the world’s second-largest cocoa producer, is at a crossroads. Challenges such as climate change, fluctuating global prices, and the need for greater local value addition require dynamic leadership and forward-thinking policies.
Abbey’s tenure is expected to prioritize solutions that not only secure fair pricing for farmers but also promote sustainable farming practices and industry modernization.

His appointment also comes amid renewed global focus on Africa’s role in the cocoa value chain.
The recent visit of ICCO Executive Director Mitchel Arrion to Yaoundé, Cameroon, for the 111th Ordinary Session of the International Cocoa Organization (ICCO) highlighted the continent’s collective push for better conditions for cocoa farmers.
COFAAA and other industry leaders have pledged their full support to Abbey, stressing the importance of partnerships, innovation, and policies that put farmers at the center of the industry’s growth.

As Abbey steps into this pivotal role, the expectations are high. His leadership will be measured not just by Ghana’s production output but by the tangible benefits felt by the farmers who form the backbone of the industry.
“We are eager to collaborate and drive meaningful change that ensures cocoa farmers get the recognition, support, and opportunities they deserve,” COFAAA reaffirmed.
Abbey’s tenure could mark a turning point for Ghana’s cocoa sector—one that moves beyond raw exports to a more value-driven, farmer-focused, and globally competitive industry. His ability to navigate these challenges and opportunities will define the next chapter of Ghana’s cocoa legacy.

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West Africa

Obi Celebrates Mahama’s Return as Ghana’s President, Advocates for African Unity

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John Dramani Mahama

Nigerian statesman and former presidential candidate, Peter Obi, has congratulated Ghana’s President, John Dramani Maham, on his re-election and inauguration for another term in office.
In a statement issued via his X handle, Obi hailed Mahama’s victory in Ghana’s December 7, 2024, election as a resounding mandate for national renewal and inclusive governance.
Obi praised the Ghanaian leader’s triumph as a reflection of the people’s yearning for progress, stability, and development. He urged Mahama to prioritize policies that promote equity, accountability, and economic resilience, ensuring the welfare of all Ghanaians.
“May this new chapter be defined by peace, prosperity, and the fulfillment of Ghana’s collective aspirations,” Obi stated. He emphasized that Mahama’s leadership should inspire the rest of Africa to pursue unity, growth, and sustainable development.
Political analysts have interpreted Obi’s message as a call for closer collaboration among African nations to address shared challenges, including insecurity, poverty, and economic disparities.
Obi further invoked the legacy of Ghana’s founding father, Kwame Nkrumah, urging Mahama to uphold the Pan-African vision of integration and continental progress.
Observers note that the bond between Obi and Mahama symbolizes a shift toward stronger West African cooperation amid mounting socio-economic and security concerns.
Ghanaians now look to Mahama’s administration to deliver on campaign promises, particularly in areas such as job creation, education, and infrastructure.
Meanwhile, Obi’s remarks have sparked widespread praise across social media, with many commending his statesmanship and Pan-African outlook.
As Mahama begins his new term, all eyes remain on how his leadership will address Ghana’s pressing needs while serving as a beacon of progress for Africa’s future.

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