Ghana in Search of Regional Integration Agenda 15 £5 million to the Special Fund for Africa so as to relieve the frontline states' dependence on apartheid South Africa. Finally, realising that without a stable domestic political environment, sub-regional integration could not thrive, Ghana and Nigeria took the initiative of forming the Economic Community of West African Monitoring Group(ECOMOG) in 1990 in order to intervene in the civil war in Liberia and subsequent ones in Sierra Leone in 1997 and Guinea Bissau in 1999. 27 Nigeria was the major provider of financial resources. Ghana also contributed troops to support those contributed by Nigeria. One thing stands out throughout this era; in spite of the ideological position or leadership style, Ghana could not remove herself from the integration process, obviously emphasising the truism that it will be foolhardy for one to attempt to survive on its own in a world that is increasingly steering itself in the magnetic direction of global integration – not withstanding what the consequences will be. The Stable Decades Ghana's return to democratic rule in the Fourth Republic seems to have coincided with renewed efforts at regional integration on the continent. The relatively stable political and improving economic conditions in Ghana since 1993, have given her leaders a renewed credibility in leading the drive for regional integration. One such example is the Ghana-Nigeria Fast Track Approach. This nucleus of a first Anglophone union, took the lead in the ECOWAS Fraternity to create a monetary union that will run parallel to that of the Union Économique et Monétaire OuestAfricaine(UEMOA) and be later merged with UEMOA to have a common currency for West Africa. The Object of the Ghana-Nigeria approach was to limit the existence of multiplicity of currencies and exchange rates as well as fragmented markets. 28 Subsequently, the Gambia, Guinea and Sierra Leone joined the union to create the West African Monetary Zone(WAMZ). WAMZ also established the West African Monetary Institute(WAMI) which was set up within the overall context of the ECOWAS Monetary Cooperation Programme to undertake preparatory activities for the establishment of a common Central Bank(to be known as the West African Central Bank(WACB)) that will issue a single currency for the 5 countries by the year 2005. This vision is yet to be realised as all the 5 countries involved have not been able to satisfy the convergent criteria. 29 To some extent, the recent upheavals and catastrophic conflict situations occurring 27 United Nations Security Council Document 294 Report of the Secretary-General pursuant to Security Council Resolution 1216(1998) relative to the situation in Guinea-Bissau on 17 March, 1999. 28 J. K. Kwakye, Monetary Union and a Single Currency within ECOWAS: How Feasible? Proceedings of a Workshop organised by the Legon Centre for International Affairs, the United Nations Development Programme and the National Renewal Programme on“Regionalism and Integration in West Africa: The Way Forward”, Golden Tulip Hotel, Accra, December 20-21, 1999. pp. 68-76. 29 http://www.wami-imao.org/english/welcome.htm accessed on 15/04/09.
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