It has been known for quite a long time in economic theory that regions of a country with such an imbalance adjust, albeit through a recessionary process, to correct the disequilibrium. Imbalances that stem from private agents’ decisions have market-driven self-correcting mechanisms that operate through changes of competitiveness and the effect of budget constraints monitored by the financial sector.
Today, some of the issues on the agenda go to the core of the integration strategy, therefore I hope we can use this opportunity for serious discussions on integration in the sub-region as we look to the task ahead. On this note Fellow Governors, let us all have fruitful deliberations. I hope you enjoy your stay in Accra. Thank you for your attention. 2/2