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August 31, 2005
ECOWAS Central Bank govs meet in Abuja
GOVERNORS of Central Banks in Economic Community of West African States (ECOWAS) member countries are converging today in Accra, Ghana, for the 15th meeting of the Committee of Governors (COG).
Okey Nwankwo
The Governors are expected to deliberate on plans for advising macroeconomic convergence criteria in the subregion, which is a precondition to the introduction of an ECOWAS regional common currency, the ECO.
According to a statement issued by the Central Bank of Nigeria (CBN), the COG will deliberate on the reports and recommendations of the technical committee of the West African Monetary Zone (WAMZ).
The technical committee has been working on the various reports of "experts working groups" under the auspices of the West African Monetary Authority (WAMA) since last week in Accra in preparation for the COG meeting.
The statement added that the technical committee is examining issues relating to the various elements of the work programme, and the agreed action plan and strategies for effective and efficient delivery benchmarks on convergence.
Posted by Publisher at August 31, 2005 04:31 PM
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