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WAEC Government 2026 Question 7

Question 7

ECOWAS

The Economic Community of West African States (ECOWAS) has struggled to achieve a single currency since its establishment. Which of the following factors constitutes a major hindrance to the common monetary zone of ECOWAS?

  1. A.Failure to establish a Central Bank
  2. B.Threats from opposition political parties in member countries
  3. C.Lack of political commitment among member countries
  4. D.Fear of sanctions from the World Bank
Show the answer and explanation

Answer: C (Lack of political commitment among member countries)

Explanation

Members keep missing the convergence criteria and postponing the 'Eco', showing a lack of political commitment. The exit of Mali, Burkina Faso and Niger (2024–25) has further complicated monetary union.