Experts to hold meeting on financial sector integration

Accra, March 25, GNA - A cross-section of experts from across the banking sector, insurance and stock markets in the West Africa sub-region will hold a two-day meeting in Accra this week to present a coordinated roadmap for increasing the competitiveness of the financial sector in the sub-region. The workshop scheduled for March 28-29, is a follow-up to the one held in November last year and it will attract officials of trade, industry and finance ministries and central banks. A statement from the organizers - the Ghana Association of Bankers and West African Bankers Association, Nigerian branch - said the meeting would also review regional, national, government, donor and private sector initiatives and establish priorities for recommendations made during the first session. During the first meeting, most participants were of the view that a first step to rapid integration of the financial sector was for the governments to bury their sentiments about sovereignty and act for the collective good of the citizens in the sub-region. An action plan developed during the first workshop sought ways to remove hurdles, broaden the range of financial instruments and promote the harmonization of the financial sector within the sub-region. The project is supported by the African, Caribbean and Pacific (ACP) Business Climate Facility (BizClim), an ACP-EU joint initiative funded by the European Development Fund.

Accra, March 25, GNA - A cross-section of experts from across the banking sector, insurance and stock markets in the West Africa sub-region will hold a two-day meeting in Accra this week to present a coordinated roadmap for increasing the competitiveness of the financial sector in the sub-region. The workshop scheduled for March 28-29, is a follow-up to the one held in November last year and it will attract officials of trade, industry and finance ministries and central banks. A statement from the organizers - the Ghana Association of Bankers and West African Bankers Association, Nigerian branch - said the meeting would also review regional, national, government, donor and private sector initiatives and establish priorities for recommendations made during the first session. During the first meeting, most participants were of the view that a first step to rapid integration of the financial sector was for the governments to bury their sentiments about sovereignty and act for the collective good of the citizens in the sub-region. An action plan developed during the first workshop sought ways to remove hurdles, broaden the range of financial instruments and promote the harmonization of the financial sector within the sub-region. The project is supported by the African, Caribbean and Pacific (ACP) Business Climate Facility (BizClim), an ACP-EU joint initiative funded by the European Development Fund.