ECOWAS Unveils Landmark Regional Economic Outlook Amidst Growing Challenges 2025
By Raymond Enoch
In a significant historic step towards economic transparency and strategic planning, the Economic Community of West African States (ECOWAS) has released first edition of its Regional Economic Outlook Report.
The official handover took place Tuesday 4th February 2025, with ECOWAS Commission President, H.E. Dr. Omar Alieu Touray, receiving the document from Commissioner Massandjé Touré-Litse, who leads the Economic Affairs and Agriculture portfolio.
This inaugural report, themed “Review of Regional Economic Dynamics in the Face of Political Instability and Security Threats,” offers a critical analysis of the economic landscape across ECOWAS member states.
It highlights the interplay between economic growth, political stability, and security challenges, reinforcing the importance of peace as a foundation for regional prosperity.
The Regional Economic Outlook Report aligns with ECOWAS Vision 2050, which aspires to create a peaceful, integrated, and economically vibrant region. The document underscores the pressing need for coordinated policies to navigate the economic impact of governance disruptions, security threats, and global uncertainties.
Commissioner Touré-Litse emphasized the role of regional cooperation in mitigating economic vulnerabilities, stating, “Despite challenges, West Africa has vast economic potential. Strengthening trade, investment, and policy coordination remains our priority.”
Key highlights of the report includes a review of GDP growth, inflation, and trade performance across member states.
Impact of Political Instability: Assessment of economic disruptions due to recent coups, governance issues, and policy shifts.
Also included is the security and economic resilience which provided analysis of how insecurity affects investment, trade, and regional development.
Recommendations for fostering sustainable economic growth amid evolving challenges and
charting the Path Forward were also included in the report.
ECOWAS leaders reaffirm their commitment to strengthening economic resilience through policy harmonization, infrastructure development, and regional trade expansion.
The President of the Commission Dr. Omar Aliyu Touray reiterated that “economic transformation is only possible through sustained peace and security, and ECOWAS remains dedicated to fostering both.”
As West Africa navigates its economic future, this report serves as a crucial reference for policymakers, investors, and development partners committed to the region’s prosperity.
