The activities of the Committee of Central Bank Governors (CCBG) are mainly focused on assisting central bank Governors and officials in gaining a better knowledge and insight into each other's economies and monetary policies. Therefore, most of the projects were aimed at information gathering. The projects have since progressed to focusing on regional integration. Action plans, goals and proposals are being developed in the different spheres of co-operation. In addition, a great part of the meetings of Governors are dedicated to discussions of central banking activities and issues of convergence.
The CCBG meets twice a year, normally in April and September. The Governor of the South African Reserve Bank, Ms G Marcus, is the Chairperson of the CCBG.
A small Secretariat for the CCBG was created in the International Relations Unit of the Research Department in the South African Reserve Bank. The responsibilities of this Secretariat includes acting as Secretary to the Committee, the management and coordination of the projects of the CCBG, organisation of meetings, research on relevant issues and general secretarial work.
A Working Group, comprising representatives from three other central banks on a rotational basis, assists the Secretariat in the management of projects. All reporting to the Governors goes through this Working Group. The meetings of the Working Group is chaired by the Secretariat.
Two days prior to the meetings of Governors, senior officials from the central banks meet to prepare for the meeting of Governors. This committee is called the Committee of Central Bank Officials, and is chaired by the Head of the Secretariat.