VIRTUAL INAUGURAL MEETING OF THE EXPERTS COMMITTEE FOR HARMONIZATION AND OPERATIONALISATION OF BANKS AND MICROFINANCE REGULATORY AND SUPERVISORY FRAMEWORKS IN THE ECOWAS REGION
The roadmap for the adoption of the ECOWAS single currency revised in Accra, Ghana during the 86th Ordinary Session of the Council of Ministers on 16 and 17th June 2021. The revised roadmap sets out various activities to be implemented before the eco is launched in 2027. Among the activities is the harmonization of existing regulatory and supervisory frameworks of banks and non-bank financial institutions. The intent is to increase cross-border banking operations and enhance financial stability in the ECOWAS region.