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Economic Community of West African States (ECOWAS)

14-JUN-2016 16:18

    The Economic Community of West African States (ECOWAS) is a regional group of fifteen West African Countries which was founded on 28th May, 1975 with an objective to promote economic integration in all fields of activity of the constituting countries.

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    Governing Bodies of Economic Community of West African States (ECOWAS)

    It is comprises of three governing bodies are:

    The Executive: Chairman is the head of this body and oversees the affairs of the community.
    The Legislature: It is the Community Parliament headed by the speaker of the Parliament. The entire functions of Parliament are look over by the Secretary-General of the Parliament.
    The Judiciary: It is headed by the President and it is the Community Court of Justice.

    Governing Principles of Economic Community of West African States

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    Major Achievements of ECOWAS Commission

    • The adoption of the Macroeconomic Convergence Report by the ECOWAS Convergence Council.

    • Establishment of the ECOWAS Monetary Institute (EMI).

    • Adoption of methodological guides for the harmonization of Public Finance Statistics, Government Financial Operations Tables (TOFE), External Trade Statistics, Balance of Payment (BOP) and International Investment Position (IIP).

    • Conclusion of the review of the Sahel Strategy document and its action plan to boost regional security.

    • Formulation of an ECOWAS Common Trade Policy (CTP) and ECOWAS Trade Development Strategy

    • Completion of the Economic Partnership Agreement (EPA) with the signing by 13 Member States.

    • Custom Union in the offing with the implementation of the CET by Eight Member-States

    • Free Movement of goods and persons boosted with the adoption of the ECOWAS Biometric Identity Card to facilitate mobility and promote security in the region.

    • Drafting of a Regional Border Management Manual for use in immigration/security training institutions.

    • Launching of the Ecolink project, which aims to transform and improve key operations within the ECOWAS Community.

    • The Systems, Applications & Products (SAP) component of Ecolink aims at improving the financial management systems and ensuring real-time information for effective decision-making in the Community Institutions.

    • Promotion of strategic products for food security and sovereignty including combating cross-border livestock disease.

    • Renewed efforts to enhance the environmental governance, general environmental protection, capacity building as well as Sustainable resource management for development in the Member States.

    • Re-award of the contract for the construction of the Sèmè-Kraké Joint Border Post (Benin-Nigeria)

    • Evaluation of tenders completed for the works, contract for final engineering designs for the rehabilitation of sections of the Enugu-Bemenda road between Nigeria and Cameroon and the construction of a Joint Border Post (JBP) and a Border Bridge at Mfum border.

    • Feasibility study for the extension of the West African Gas Pipeline Network concluded

    • Development of Regional Power Market with the setting up of regulatory and economic environment.

    • Promotion of renewable energy and energy efficiency technologies and services.

    • An ECOWAS Directive on Energy Efficiency Buildings (EEB) aimed at promoting energy efficiency in buildings in ECOWAS Member States has been developed by ECREEE

    • Establishment of a Regional Centre for Disease Control.

    • Maintain and strengthen the actions undertaken to consolidate peace and security in the region.

    • Consolidating the implementation of the, Common Market, Trade Liberalization Scheme (TLS) and the Protocol on Free Movement of persons, goods and services.

    • ECOWAS is now poised in the coming years to intensify efforts aimed at sustaining peace and political stability achieved in 2015 in order to create the best conditions for the development of the region

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