ECOWAS common currency, a mirage or possibility?

Unlike previous studies, the current study uses oil price and inflationary shocks to assess feasibility of actualizing ECOWAS Vision 2020, which is aimed at creating a monetary union. With help Blanchard Quah (BQ) decomposition for sample from 1975:05 2018:08, two sets models are estimated: shocks. It found that although vision mirage, creation common currency can serve as shock absorber against negative spillovers global regional The also finds lead appreciation exporting country Nigeria, while Gambia Ghana stand out in their responses recommends these countries cannot be part more coordination among members needed before this actualised.