In all cases, the six countries of the West African Monetary Zone (WAMZ) "noted with concern the declaration aiming to unilaterally rename the CFA franc to Eco by 2020", according to a press release issued after this extraordinary meeting between the various finance ministers and the governors of the central banks. WAMZ is made up of Nigeria, Ghana, Liberia, Sierra Leone, The Gambia and Guinea (Conakry), which is not part of the CFA zone. These countries consider that "this action is not in accordance with the decisions" of the Economic Community of West African States (ECOWAS) with a view to "adopting the Eco as the name of the single currency" of the whole region.