• About
  • Contcat Us
  • Privacy Policy
Thursday, August 18, 2022
Primenews.com.gh
No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports
No Result
View All Result
Primenews.com.gh Logo
No Result
View All Result
Home general news

Eco : Ghana to put in bid to host the Central Bank for West Africa

by Justice Kofi Bimpeh
2020-05-13
in general news
Bank of Ghana

Bank of Ghana

14
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Ghana will be expected to put in a formal bid to host the Central Bank for West Africa when the selection criteria are published.

As a precondition for the introduction of a single currency, Eco one country will host the Central Bank.

Nigeria and Senegal have also expressed interest in hosting the Central Bank for West Africa.

A member of the Technical Committee of the West African Monetary Zone and the technical advisor to the Governor of the Bank of Ghana Dr Christian Ahator said “Criteria for selecting a host country will be determined and published so countries interested in it will apply. I think when the criteria are spelt out yes Ghana will apply.”

READ ALSO

NPP Elections: Prof Kalmonia re-elected as Savannah chairman

High price volatility makes crypto assets unattractive as a means of payment – BoG

He explained why Ghana could not automatically host the Central Bank.

“That is under what we call WAMZ programme that is West Africa Monetary Zone is actually the second zone created, there was a decision in 2000 that countries outside the zone should also form a monetary union that brought about the WAMZ, it was created to prepare the ground for the introduction of the single currency and then the establishment of a common central bank, so under that Ghana was supposed to host the common central bank but that phase is over…”

Dr Ahator also said the committee will soon publish a report on how best the new currency can be implemented.

Working on the 2020 deadline for the introduction of the single currency the ECO, the report will be considered by the Heads of State.

“We will prepare a report which is called the state of preparedness report, so we will come up with that report to tell Head of states where we are. The report will actually tell the head of states whether we should go on or not but that report is yet to be prepared.”

ADVERTISEMENT

Commenting on the politics and technicalities involved, Dr Christian Ahator explained that they will do their best to outline the challenges that may be associated with the launched of the currency.

“This single currency project is a political project as well as…, we still are depending on the Heads of State their decision is final, now what we can do at the technical level is what are those things that we need to put in place if they insist that 2020 the currency should be launched? we will clearly tell them the challenges or the unresolved issues that one we will be clear on that front

Tags: Central Bank for West AfricaDr Christain AhatorEcoGhana news
ShareTweetSend
Previous Post

No tackling in training: Premier League set rules for players to return to practice

Next Post

Portugal’s Primeira Liga to return on June 4 from coronavirus suspension

Related Posts

NPP Elections: Prof Kalmonia re-elected as Savannah chairman
general news

NPP Elections: Prof Kalmonia re-elected as Savannah chairman

2022-05-28
Russia-Ukraine conflict presents further risk to recovery – BoG Governor
general news

High price volatility makes crypto assets unattractive as a means of payment – BoG

2022-05-28
Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP
general news

Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP

2022-05-28
The debt challenges are compounding for us in Africa – Akufo-Addo
general news

The debt challenges are compounding for us in Africa – Akufo-Addo

2022-05-28
COCOBOD closes purchases for 2021/2022 main crop cocoa season
general news

COCOBOD closes purchases for 2021/2022 main crop cocoa season

2022-05-28
2 killed in robbery at gold shop at Asamang Tamfoe
general news

2 killed in robbery at gold shop at Asamang Tamfoe

2022-05-28
Next Post
Portugal’s Primeira Liga to return on June 4 from coronavirus suspension

Portugal's Primeira Liga to return on June 4 from coronavirus suspension

Ghana Premier League logo

Ghana Premier League clubs nominate 3 reps to serve on the Autonomous Premier League Committee

ADVERTISEMENT

TRENDING NEWS IN GHANA

Iga Swiatek

Iga Swiatek beats Coco Gauff for second French Open title

2022-06-04
Shakira and footballer Gerard Piqué announce split after 12 years

Gerard Pique and Shakira announce split after 12 years

2022-06-04
Ibrahim Danlad

Kotoko shot-stopper Ibrahim Danlad receives Black Stars call up for four-nation tournament

2022-06-04
Felix Afena-Gyan

Photos: Black Stars arrive in camp ahead of AFCON 2023 qualifiers

2022-05-28
Alfred Duncan

Alfred Duncan retires from Black Stars at age of 29

2022-05-28
NPP Elections: Prof Kalmonia re-elected as Savannah chairman

NPP Elections: Prof Kalmonia re-elected as Savannah chairman

2022-05-28
Russia-Ukraine conflict presents further risk to recovery – BoG Governor

High price volatility makes crypto assets unattractive as a means of payment – BoG

2022-05-28
Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP

Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP

2022-05-28
The debt challenges are compounding for us in Africa – Akufo-Addo

The debt challenges are compounding for us in Africa – Akufo-Addo

2022-05-28
COCOBOD closes purchases for 2021/2022 main crop cocoa season

COCOBOD closes purchases for 2021/2022 main crop cocoa season

2022-05-28
ADVERTISEMENT

Must Reads

High price volatility makes crypto assets unattractive as a means of payment – BoG

Kwame Jantuah wants Independent Commission to probe Sir John’s will, not OSP

The debt challenges are compounding for us in Africa – Akufo-Addo

COCOBOD closes purchases for 2021/2022 main crop cocoa season

2 killed in robbery at gold shop at Asamang Tamfoe

Malawi slashes the value of its currency

About

A Prime Network Limited Website.

Follow us

No Result
View All Result
  • HomePage
  • Ghana News
  • Politics
  • Entertainment
  • Sports

©2015 - 2020 Primenews.com.gh

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.