One of the problems facing the Economic Community of West African States (ECOWAS) is that

Government

WAEC 2000

A. member states do not attend meetings regularly
B. members states do not have a common currency
C. some member states want to contribute larger funds to the community
D. It is a rival to the Organization of African Unity

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Correct Answer: Option B

Explanation

One of the significant challenges facing the Economic Community of West African States (ECOWAS) is the lack of a common currency. This issue has made trade and economic integration within the region more complicated, as member states must deal with multiple currencies, each with different exchange rates and varying economic stability. Establishing a common currency has been a long-term goal of ECOWAS, but it faces considerable obstacles, including economic disparity and differing fiscal policies among member states.

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