The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a
Answer Details
The proposed monetary integration within ECOWAS sub-region has the overriding benefit of enhanced trade. Monetary integration involves the adoption of a common currency among countries in a region. This would remove exchange rate uncertainties and reduce transaction costs, making it easier and cheaper for businesses to trade within the region. This, in turn, would lead to increased trade, investment, and economic growth within the region. Therefore, the proposed monetary integration within the ECOWAS sub-region would lead to an improvement in trade between member countries, and ultimately contribute to the development of the sub-region.