Business News of Wednesday, 6 November 2002

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Finance Minister leads team to monetary meeting

Finance Minister, Yaw Osafo-Maafo is leading a Government delegation to the meetings of the Technical Committee of the Governors and Convergence Council of Ministers of West Africa Monetary Zone (WAMZ) from November 4-8 in Conakry, Guinea.

A statement issued in Accra on Tuesday said the Minister is the current Chairman of the Convergence Council of WAMZ. The Council is made up of ministers of Finance, Trade/Commerce, Foreign Affairs, Integration and Co-operation of countries that belong to the zone.

It said some of the issues to be discussed include the implementable timetable for the establishment of the WAMZ and the achievement of the convergence criteria necessary for the establishment of a common Central Bank.

The meeting, the statement said, would end with a summit of Heads of States of member Countries to consider recommendations of the Council on issues relating to the establishment of the zone.