AWARENESS TIMES
Sierra Leone News & Information

State House | Press Union | Lumley Beach | AllAfrica | SL-Web

www.awarenesstimes.com

  Giving Knowledge to the People
welcome to sierra leone's premier news source
Last Updated: Jul 18th, 2012 - 17:16:34 
Front Page 
 
 NEWS
 Breaking News
 Local News
 Politics
 Photo News
 Video News
 
 EDITORIALS
 
 FROM OUR TEAM
 
 COMMENTS & OPINIONS
 Moiie's Column
 
 SPECIAL REPORTS
 Afsatu Kabba
 
 FEATURES
 
 ENTERTAINMENT
 
 PROFILES
 Role Models
 Awareness Lady
 Common Man
 
 THE ECONOMY
 
 NOTICES & DOCUMENTS
 Special Messages
 Legal Matters
 Obituaries
 
 PAID SUPPLEMENTS
 
 ADVERTISEMENTS
 
 SATIRE
Search


Published online by
Sylvia Blyden Dot Com

17 Garrison Street,
Freetown,
Sierra Leone.
Tel: +232-77-772001
Tel: +232-88-321000
Tel: +232-76-350077
Tel: +232-30-321001
Email:
editor@awarenesstimes.com
Website:
www.awarenesstimes.com

NEWS : Local News  

Outgoing Chairman Of WAMZ Committee Of Governors Calls For Coordinated Action On Monetary Union
By Beresford Taylor
Jul 18, 2012, 17:10
Email this article
 Printer friendly page

FREETOWN/SL: The outgoing Chairman of the Committee of Central Bank Governors of the West African monetary Zone (WAMZ), Governor Sheku Sambadeen Sesay, of the Bank of Sierra Leone, has called on the Committee of Governors to heed warnings emerging from the Euro Zone crisis and take action to foster policy harmonization and coordination as imperative for the success of any Monetary Union.


Speaking at the 27th Meeting of the Committee of Governors of WAMZ Central Banks, held in Monrovia, Liberia on the 11th July, 2012, Governor Sambadeen Sesay appealed to WAMZ Members to implement policies that would not be detrimental to the regions integration ideals.  He urged the Committee to take the opportunity that the meeting affords to review progress on the Convergence Scale and make bold and courageous recommendations to the Convergence Council.


 

During his six month tenure as Chair of the Committee of Governors of the WAMZ, Governor Sambadeen Sesay Superintended an ongoing restructuring of the West Africa Monetary Institute (WAMI), managed implementation of the WAMZ Payments System Development Project in four beneficiary member countries financed by the African Development Bank (ADB)  and helped secured a $2 million grant from the African Capacity Building Foundation (ACBF) to strengthen the capacity of WAMI and member countries to undertake preparatory activities for Monetary Union. 


Looking at the way forward, Governor Sesay drew attention to additional work required to achieve trade integration in the Zone which will enable maximization of gains from low transaction costs.  He expressed delight at ongoing studies being carried out by WAMI on trade related issues including an assessment of the state of implementation of the ECOWAS Trade Liberalization Scheme (ETLS)


While affirming his commitment to the Single Currency project of the WAMZ and ECOWAS, Governor Sesay entreated the Committee to pay attention to a number of issues, not necessarily to achieve the ECOWAS target date of 2015 for Monetary Union in the region, but to address perennial social and economic problems in member countries.  He called for action in building national and regional infrastructures, removing and/or relaxing barriers to regional trade and set in motion a process for the acceptability of national currencies, among others.  This, he said, has becoming exceptionally urgent to encourage and consolidate the enduring integration of the peoples of the region hitherto unaffected by political or bureaucratic interventions

Governor Sambadeen Sesay hands over the Chair of the Committee of Governors of the WAMZ to the Governor of the Central Bank of Liberia, Dr. Jones Mills, commencing of a six month tenure.


© Copyright by Awareness Times Newspaper in Freetown, Sierra Leone.

Top of Page

Latest Headlines
NEWS
Sierra Leone President Creates Taskforce for Cholera Outbreak
Sierra Leone Government Releases Statement on Yenga's De-Militarisation
UDM Presidential Candidate Rousily Welcomed
EDITORIALS
Sierra Leone: The Dilemma of an Opposition
Mr. Maada Bio Trusts Dr. Christiana Thorpe, Period!
Poor Communications in Sierra Leone
FROM OUR TEAM
Sierra Leone: A Response to Dr. Thomas Yormahs Penultimate Communication
Sama Banya wants Awareness Times to call Tom Nyuma a Buffoon
Too Smart to be Distracted - Sorry Guys but it is Squirrel Question Time
COMMENTS & OPINIONS
How Maada Bio Fooled State Dept
Krio Culture Frowns Upon Jubilation when Family or Comrade meets Misfortune
I rest my case!!! When professionals go unprofessional???
SPECIAL REPORTS
Violence & Disenfranchisement as 871 Voted out of 6,184 Registered in Sierra Leone's Bye Elections
Africa Confidential on Sierra Leone - Maada Bio Overthrew Strasser and Marketwomen Chased Bio from Power (16 Years Ago)
Libel against the Blydens: Philip Neville Replies
FEATURES
As Pan African Minerals Bags $650M Manganese Contract in Burkina Faso : Frank Timis Crowned Emperor of West Africa
The Case against Freetown Mayor George-Williams in Sierra Leone
Pastor Honey Extols Sierra Leones New Diamond
ENTERTAINMENT
Watch Sierra Leone Television Live on TV-Africa for 5 Euros/monthly
In Sierra Leone, Emmerson Commends Tejan Kabbah
PROFILES
Dr. Edward Wilmot Blyden Lives! His Messages Live!
THE ECONOMY
Standard Chartered first half profit up 9% to US$3.95bn
NOTICES & DOCUMENTS
Sierra Leone Central Government Transfers Funds to Eight Local Councils
EID MUBARAK and Happy Ramadan Messages to Government & People of Sierra Leone
POSITION STATEMENT ON THE NEC PROPOSED AND RECENTLY REVISED NOMINATION FEES BEFORE PARLIAMENT
PAID SUPPLEMENTS
Sierra Leone Judgment against MILLICENT LEWIS-OJUMU (nee HAMILTON-HAZELEY), Dr. PAUL CHIY & CLAS LEGAL LTD.
BBC Media Action seeks to strengthen production team in Sierra Leone (Job Opportunities)
Sierra Leonean Woman Dies at the Age of 105 Years
ADVERTISEMENTS
Office of the President's Chief of Staff seeks Reconciler for EITI Report
ADVERTISEMENT FOR BIDDING OF OFFSHORE PETROLEUM BLOCKS IN SIERRA LEONE
U wan buy...? U wan sell...? - Sierra Leones first Sales/Ads website launched
SATIRE
As Bio Launches Manifesto, Concerned Citizens ask: How Can a Squirrel like Julius Maada Bio Talk about Corruption in Sierra Leone?
Na Da We Passport! A Sierra Leone Political Satire
QUOTABLE QUOTE: - ERNEST BAI KOROMA TO THE TRC. (5th August 2003)

Copyright © 2005 - 2010, Awareness Times Sierra Leone; All Rights Reserved.
Hosted & Designed by West Africa Dot Net