He said as Chair, President Mahama worked diligently with the support of member states to ensure peace and security in the sub-region, including overseeing successful elections in Nigeria and Togo.
Other successes chalked under President Mahama’s term included the implementation of the ECOWAS Common External
Tariff (CET); the containment of the Ebola virus; the fight against terrorism notably Boko Haram in Nigeria; and the achievement of peace and reconciliation in the conflict in Mali, he added.
Mr Terkper made these observations when he presented the 2016 Budget Statement and Economic Policy to Parliament in Accra on Friday under the theme, “Consolidating Progress towards a Brighter Medium Term“.
He said the ECOWAS Authority of Heads of State and Government at its 17th Ordinary Session on 19th May, 2015, in Accra revised the existing convergence criteria and adopted a new set of rationalised macroeconomic convergence criteria for the effective implementation of the ECOWAS Multilateral Surveillance mechanism.
The rationalized convergence criteria constitute the basis for assessment of the macroeconomic convergence from the beginning of 2015 in all member states.
President Mahama who successfully ended his term as the ECOWAS Chairman on May 19, 2015, handed over the mantle to President Macky Sall of Senegal.