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The implication of common currency for west african countries

 

Table Of Contents


Title Page                                II
Approval page                            III
Dedication                                IV
Acknowledgement                        V
Table of contents                            VII
List of tables
Proposal                                VI

Chapter ONE


1.0    Introduction                        1

1.1    Background of the study                    1
1.2    Statement of the problem                4
1.3    Purpose of the study                    5
1.4    Research questions                      6
1.5    Significance of the study                    6
1.6    Scope and limitation of the study            7
 reference                            9

Chapter TWO


Literature review                            10
2.1    Introduction                        10
2.2    West African Countires ” ECOWAs            12
2.3    Problem of ECOWAs                    17
2.4    West African Currency Board (WACB)        18
2.4.1    West African Currency Board operation        20
2.4.2    The concept ” common currency            21
2.5    Global common currency                23
2.5.1    The Euro ” Dollar                        23
2.6    The need for global common currency        24
2.7    Management, headquarters and mode of operation of West African Common Currency                    31
2.8    The prospect o common currency for West African 33
2.9    The problems facing the establishment of common currency for Africa.                            35
2.10    References                            39

Chapter THREE


Research methodology
3.1    Method of investigation                        42
3.2    Instrument of data collection                    42
3.3    Primary sources of data                        43
3.4    Secondary sources of data                    43
3.5    Population and determination of sample size        44
3.6    Validity and reliability of research instrument        46

Chapter FOUR


Data presentation and analysis                    47
4.1    Data analysis techniques                        47
4.2    Analysis of questionnaires                    48

Chapter FIVE


Summary of findings, recommendations and conclusion

5.1    Summary of findings                        65
5.2    Recommendations                            66
5.3    Conclusion                                68
Bibliography                            69
Appendix                                  73


Thesis Abstract

This project research is primarily aimed at dealing with the implications of a common currency for West African countries. As the world is geared towards globalization, West African countries deemed it very imperative to adopt the use of common currency in the sub-region just like their European or Francophone counterparts.

The central focus of this research is to know the extent to which the ECOWAS member states have gone in establishing a common currency for West African, to find out if the introduction of West African common currency will enhance economic growth and development in the sub-region; to examine some policy measures introduced to boost the adoption of a west African common currency. To achieve these, the researcher made use of both primary and secondary data questionnaire were extensively distributed to the officials of CBN (Enugu zonal office), First Bank Plc (zonal office Enugu) and NACIMA also in Enugu.
Based on the objectives of the study, the findings reveal that the extent to which the ECOWAs member states have gone in establishing a common currency for west Africa is not impressive nor encouraging. The establishment of a common currency for west Africa will only enhance economic growth and development in the sub ” region if member stats are sincere and dedicated to the common objective, the policy measures introduced to boost the adoption of a west Africa, common currency is less encouraging and other berecuatracice associated with the introduction of common currency for west Africa in relation to trade within the sub-region could not help matters. Based on this findings, recommendations were member states that should be dedicated and committed to the project as it will, unequivocally, enhance their economic well β€œbeing an boost their political and economic image worldwide.


Thesis Overview

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