ECOWAS Regional body suffers major financial constraint

ECOWAS' major source of revenue is its community levies.

  • Published:
Economic Community of West African States play

Economic Community of West African States

24/7 Live - Subscribe to the Pulse Newsletter!

The Economic Community of West African States (ECOWAS) is gradually getting broke, according to Salamatu Hussaini Suleiman, the sub- regional body's Commissioner for Political Affairs Peace and Security.

According to her, the financial constraints can be blamed on  rapidly shrinking sources of income.

ECOWAS' major source of revenue is its community levies.

Recently however, community levies have often either not been remitted or  have delayed,  putting  the Commission under a lot of pressure and forced it  to re-prioritize its activities.

READ MORE: ECOWAS Tariff New ECOWAS Common External Tariff takes effect

Mrs Suleiman made the disclosure in Accra at the opening of a two-day tripartite meeting of the ECOWAS designated Training Centres of Excellence (TCEs).

The meeting seeks to discuss the modalities for enhancing technical and operational cooperation between the ECOWAS Commission and the TCEs in the areas of training and research, taking into consideration the evolving peace and security situation in the region.

“Happily, the second window for funding of the African Peace and Security Architecture is being concluded and it is heart-warming to note that bottlenecks, which hinder successful implementation of the first phase are being eliminated,” she said.

She added that, “The support to the TCEs will now be at the regional level and not at the continental level as the funds will now be made available directly to ECOWAS  and not through the African Union as was the case in the previous phase.”

Mrs Suleiman said it was their hope that the TCEs would be able to serve as research think-tanks for ECOWAS in the formulation of policies that would enhance peace and security within the region.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Poverty Gap Ghana’s policies make the rich wealthier – UNbullet
2 Job Creation Nation Builders Corps to be launched end of April - Bawumiabullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 In Upper East 2 men killed in daylight bank robberybullet
7 SSNIT Scandal 10 SSNIT staff with fake certificates...bullet
8 May I take Your Order It's ‘Chop Time’ at Achimota Mallbullet
9 Retirement How to calculate your SSNIT pensionbullet
10 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet

Top Videos

1 Money Alert Meet Africa's richest womanbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Support Finance minister buys Kantanka carbullet
8 Entrepreneurship How to be resourceful as an entrepreneurbullet
9 Tech 6 reasons you should buy an iPhone SE instead of...bullet

Business