The 67th Ordinary Meeting of the Committee of Governors of Central Banks of the Economic Community of West African States (ECOWAS) took place in Monrovia, Liberia, on February 12–13, 2026.
This gathering formed a key part of Liberia’s hosting of a series of joint statutory meetings on regional economic and monetary integration. It convened central bank governors, finance ministers, policymakers, and technical experts from ECOWAS member states to evaluate macroeconomic developments, enhance collaboration, and advance the longstanding goal of establishing a single regional currency.
Key Focus Areas:
Macroeconomic Convergence and Regional Integration: Governors assessed compliance with ECOWAS convergence criteria, which serve as essential benchmarks for aligning economic policies across member countries. Emphasis was placed on maintaining fiscal discipline, controlling inflation, ensuring debt sustainability, and promoting external stability to support deeper integration.
Progress Toward the ECO Currency: Discussions highlighted preparations for launching the single regional currency, the ECO, with a reaffirmed target date of 2027. This included aligning monetary policies, strengthening financial regulations, improving cross-border supervision, and modernizing financial infrastructure to build a more resilient and inclusive West African financial system.
Broader Regional Priorities: Participants addressed emerging macroeconomic and financial challenges while promoting inclusive growth and monetary cooperation.
The event was held at the Farmington Hotel in Margibi County, underscoring Liberia’s commitment to the ECOWAS monetary integration agenda.
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During the meeting, Hon. Henry F. Saamoi, Executive Governor of the Central Bank of Liberia, assumed the Chairmanship of the West African Monetary Zone (WAMZ) Committee of Governors. In this role, he pledged to prioritize accelerating convergence efforts and advancing the ECO initiative.
Representing the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, was Matilda Asante (Second Deputy Governor), who participated actively in deliberations on tackling regional challenges and progressing the roadmap for the ECOWAS Monetary Union.
Overall, the meeting reinforced collective commitment to a stronger, more integrated West Africa, with regional economic growth reported at 4.5% in 2025 and projected to rise to 5.0% in 2026, amid ongoing reforms and improved stability indicators.