…As ECOWAS Bank Board of Governors meet today Salone takes over Chairmanship of the Bank

As Sierra Leone hosts the 17th Annual Meeting of the Board of Governors of the Economic Community of West African States (ECOWAS) and the Bank for Investment & Development (EBID) based in Lome, Togo, the country’s Minister of Finance will automatically assume the position of the new Chairman of the Bank until the 2020 meeting. According to a release from the Finance Ministry, it is expected that with Minister Saffa’s position, it will create more opportunities for both public and private sectors to access funds from the Bank for its development projects. The country is hosting the 17th Meeting of Board of Governors today Monday 7th October, 2019, at the Radisson Blu Hotel, Aberdeen, Freetown. The meeting will bring together fifteen (15) ECOWAS Member States, which include: Sierra Leone, Togo, Nigeria, Liberia, The Gambia, Mali, Guinea, Senegal, Burkina Faso, Niger, Ghana, Ivory Coast, Guinea Bissau, Cameroun, Benin and Cape Verde. EBID Governors is made up of Ministers responsible for Finance and Economic Development in the fifteen ECOWAS countries and the current Chair of the Board of Governors is Senegal, whose tenure of office will come to an end after the Board meeting in Freetown. The Bank’s President Bashir Mamnah Ifo was appointed on October 11th 2011 after serving as Vice President, Finance and Corporate Services from 2007. During the 13th Ordinary Session of the Board of Governors held in Bamako, Mali, on June 15, 2015, Ifo’s tenure was renewed for another term of four years with effect from October 10, 2015.

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