At the 67th Ordinary Meeting of the Committee of Governors of Central Banks of ECOWAS Member States, held in Liberia, Henry F. Saamoi, the Executive Governor of the Central Bank of Liberia, presented a positive outlook on regional monetary integration. He noted that despite ongoing challenges, the region has made substantial progress towards economic stability, evidenced by a projected economic growth rate of 4.5% for 2025 and effective measures taken to control inflation. The meeting gathered delegates from key financial institutions in West Africa, including WAMA, WAMI, and WAIFEM.

Governor Saamoi highlighted several notable achievements in the region's economic performance, particularly improved fiscal management, which included a narrowed fiscal deficit and heightened revenue mobilization efforts. Additionally, he pointed to advances in the region's external sector performance, including export growth and increased reserves. Four member states have successfully met all convergence criteria, showing a unified effort towards achieving a more integrated monetary policy framework within ECOWAS, which is critical for the region’s economic prosperity.

However, Governor Saamoi cautioned that challenges persist, especially regarding inflation targets and fiscal discipline. With the goals of monetary integration still in sight, the Executive Governor emphasized the need for continued cooperation among ECOWAS nations to address existing economic issues and align their fiscal policies. These discussions are crucial as the region looks to strengthen its economic unity and enhance the resilience of its member states in face of global economic changes.