The study set three major objectives which include determine the relationship between economic growth, inflation and unemployment, analyses the effects of inflation in ten (10) selected members of ECOWAS and assess the effects of unemployment in the selected members states. Secondary data obtained from the Member's State National Statistics offices was used for the paper. The study used a model in which inflation and unemployment were the dependent variable and independent variables. The analytical technique used includes ordinary least square (OLS) technique, F-test. The paper showed that monetary and fiscal policy were effective in the control of the inflation and unemployment since the coefficient of determination (R 2 =0.50 or 50% was significant. This was re-confirmed by the F-test value (4.91). The paper recommends a policy redirection to improve output in the ten (10) selected member's states; this will occur by making efforts to increase productivity, which will lead to reduction in unemployment and inflation. To curb the surging rate of unemployment, efforts must be put in place to achieve a labour intensive method of production instead of concentrating on the capital intensive method which will take away jobs that individuals can do. Furthermore, there must be concrete efforts to ensure that the porous borders in the ten (10) selected members states are well managed to increase volume of economic activities among the members' States, which is very pivotal for the reduction of unemployment and inflation; thereby improving the level of local production.

<p>This study empirically examines the impact and direction of causality between financial development and economic growth in 10sub-Saharan African countries for the period 2002 to 2013. The empirical investigation was carried out using the static panel data where three possible procedures were considered; the pooled (OLS); fixed effects (FE) and random effects (RE) methods, each with its underlying assumptions necessary to obtain unbiased and efficient estimates. Our results showed that the fixed model is preferred. This presupposes that the individual specific effects in each country’s development finance can no longer be ignored, in examining their impacts on the country’s economic growth. Also, the results of the co integration test, provides evidence of the existence of a long-run relationship between financial development and economic growth in all the countries studied. The fixed effect model results also indicate that financial development plays a causal role on economic growth, again in all the countries studied.  These findings imply that Sub-Sahara African countries can accelerate their economic growth by improving their financial systems.</p>