The governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been elected as the President of the Association of African Central Bank Governors (AACB) for the 2016 – 2017 year at the just concluded 39th Ordinary meeting of the body hels in Abuja. Elected, alongside Mr. Emefiele, to run the affairs of the Bureau for the period are the Governor of the Bank of Ghana as chairman of the West African sub-region; Governor of the Central Bank of Mauritania, Chairman of the North African sub-region; and the Governor of the Bank of Central African States, Chairman of the Central African Sub-region. The Assembly of Governors therefore stressed the necessity for African countries to diversify their economies and improve exports, while limiting imports. The Assembly also emphasised the urgent need for coordination between monetary and fiscal policy across all African countries. The 39th Ordinary meeting of the Association of African Central Banks (AACB) was attended by 27 member Central Banks and the African Union Commission (AUC).

Source: The North Africa Journal August 20, 2016 15:22 UTC