Central Bank Governors meet

SHARE   |   Monday, 04 April 2016   |   By Staff Writer
Linah Mohohlo [C] met with other SADC Governors in Gaborone on Friday Linah Mohohlo [C] met with other SADC Governors in Gaborone on Friday

The Bank of Botswana Governor, Linah Mohohlo, has urged members of the SADC Committee of Central Banks Governors (CCBG) to promote regional integration to ensure growth. Mohohlo, who was speaking on Friday during the opening of the meeting of the CCBG, urged members to maintain the momentum which has been reached thus far. CCBG – regional body for central bank governors – was established in 1995 with the main reason being to have a specialised body in SADC to promote and achieve closer cooperation among central banks within the region. The committee consists of 15 governors from SADC region and its responsibilities includes dealing with the development of financial institutions and markets, cooperation on regional and international and financial relations as well as monetary, investment and foreign exchange policies. The committee is chaired by Lesetja Kganyago, the governor of the South African Reserve Bank.
Mohohlo said this year’s meeting takes place when the continent is bedeviled by depressed commodity prices and the recurrent drought. Other elements such as climate change have become a reality and discussions by the governors meeting was expected to centre among those.