Business News of Wednesday, 15 January 2020Source: www.ghanaweb.comECO: Central Bank governors begin talks on introduction of single currencyThe governors are expected to also forward their recommendations to the Heads of StatesThe Central Banks in the ECOWAS sub-region on Tuesday, January 14, 2020, began an extra-ordinary general meeting to deliberate on issues relating to the introduction of the single currency, the ECO, slated for 2020. The committee of Central Bank governors are also expected to discuss the implications of the recent announcement by the French-speaking countries in ECOWAS on the proposed introduction of the single currency the ECO to replace the CFA franc. The talks will further determine the way forward for the member states of the West African Monetary Zone (WAMZ) in line with the road map for the introduction of the single currency - The ECO. The ECOWAS Technical Team, however, is expected to present proposals made by the West African Monetary Institute about the ECO. The governors are expected to also forward their recommendations to the Heads of States in the region as to whether the region is ready for the introduction of the single currency.

Source: GhanaWeb January 15, 2020 08:15 UTC