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Company News on Tuesday, July 23, 2019
Source: citibusinessnews.com
2019-07-23
Dr. Ernest Addison, Governor of BoG
Dr. Ernest Addison, Governor of the Bank of Ghana, hinted that the strategy for adopting the eco, common currency of the subregion of West Africa , could still fail.
At the press conference held last Friday in Accra by the Monetary Policy Committee, Mr Addison said that the adoption of the single currency should be initiated by at least countries in the region that trade a lot between them.
The leaders of the Economic Community of West African States (Ecowas) met last month in Abuja, where one of the resolutions was aimed at getting member countries to adopt the currency. common from 2020.
But the governor of the Bank of Ghana told the media that the announcement made by Ecowas could face setbacks that must be resolved immediately. The announcement made by Ecowas senior management, said Dr. Addison. allows any country that has met the convergence criteria to adopt the common currency.
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