17.03.2005 Business & Finance

Ghana still backs second monetary zone - Apraku

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Accra, March 17, GNA - Dr Kofi Konadu Apraku, Minister of Regional Cooperation and NEPAD, has stated that Ghana still backed the introduction of the second monetary zone.

He said Ghana would continue to implement economic policies, which would ensure that the country met the criteria. It would also carry out a sensitisation programme on the second monetary zone.

A statement signed by Ahmed Osumanu Halid, Media Relations Officer of the Ministry, said the Minister stated this when a delegation from the West African Monetary Institute (WAMI) paid a courtesy call on him to find out Ghana's views on the second monetary zone.

He noted that economic indices were dynamic and therefore, more measures would be taken to improve the basic economic status and also meet the convergence criteria.

Dr Apraku said to ensure that regional integration succeeded, all trade barriers should be removed.

The Minister said he was optimistic that when such measures were carried out the sub-region would benefit.

Dr Apraku said the situation in which intra-West African trade was only 18 per cent was unacceptable.

He assured WAMI that Ghana would work hard to meet the criteria and improve the lives of the people.

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