The Implication Of Common Currency For West African Countries
TABLE OF CONTENTS
CHAPTER ONE
- 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
- Introduction                                                               10
- West African Countires – ECOWAs                         12
- Problem of ECOWAs                                                            17
- West African Currency Board (WACB) Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 18
- West African Currency Board operation                   20
- The concept – common currency                               21
- Global common currency                                           23
- The Euro – Dollar                                                                 23
- The need for global common currency                      24
- Management, headquarters and mode of operation of West African Common Currency                                                   31
- The prospect o common currency for West African 33
- The problems facing the establishment of common currency for Africa. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 35
- References                                                                             39
CHAPTER THREE
Research methodology
- Method of investigation                                                                    42
- Instrument of data collection                                                 42
- Primary sources of data                                                                     43
- Secondary sources of data                                                     43
- Population and determination of sample size                        44
- Validity and reliability of research instrument                      46
CHAPTER FOUR
Data presentation and analysis                                                          47
- Data analysis techniques                                                        47
- Analysis of questionnaires                                                     48
CHAPTER FIVE
Summary of findings, recommendations and conclusion
- Summary of findings                                                             65
- Recommendations                                                                             66
- Conclusion                                                                                         68
Bibliography                                                                          69
Appendix                                                                                           73
PROPOSAL
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.