Ministers of Finance and Governors of the Central Banks of the West African Monetary Zone say the move to adopt Eco as single currency is not in line with the decision of Authority of Heads of State and Government of the Economic Community of West African States, ECOWAS.
This was made known at an extra-ordinary meeting of ministersY of Finance and Central Bank Governors of the West African Monetary Zone, WAMZ which held in Abuja, Nigerian capital.
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Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed who read the communique says the meeting noted with concern the declaration made by President Alassane Quattara of Cote D’ Ivoire on December 21, 2019 in his capacity as Chairman of the Authority of Heads of State and Government of the West African Economic and Monetary Union
The WAMZ convergence council laid emphasis on the importance for all ECOWAS member countries to adhere to the decisions of the ECOWAS Authority of Heads of State and Government towards the implementation of the revised roadmap of the ECOWAS single currency programme.
It recommended that an extra ordinary summit of the Authority of Heads of State and Government of the WAMZ member states be conveyed soon to discuss the single currency matter and other related issues
