Business News of Thursday, 16 January 2020Source: www.ghanaweb.comEconomist calls for careful implementation of ECO amidst unresolved trade issuesProfessor Baah Boateng, Head of the Economics Department at the University of GhanaHead of the Economics Department at the University of Ghana says he believes that the foundation for the implementation of the West African single currency, the ECO, has not been well laid out. “If we look at the 15 West African countries, the extent to which we trade amongst ourselves is very limited with little to no regional integration”, he added. Governors of Central Banks in the ECOWAS sub-region are currently meeting in Abuja, Lagos to begin talks and deliberations on issues relating to the introduction of the single currency, the ECO, slated for 2020. 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.

Source: GhanaWeb January 16, 2020 15:00 UTC