President Akufo-Addo, who doubles as the Chairman of the bloc, after Tuesday's meeting explained that talks with the head of Mali's new military junta, Col Assimi Goita was progressive.
He spoke as an ultimatum for the appointment of interim leaders expired. But according to reports, it would provide an 18-month transition government, led by a president named by a committee set up by the military junta.
The junta on Saturday said the interim president can be a soldier or a civilian but gave no time frame for the composition of a new government.
"We need a civilian leadership of the transition and we have also made it clear that the minute that leadership input is in place. the sanctions. would be lifted", he said.
ECOWAS slapped sanctions on the country after the putsch, including closing borders and a ban on trade and financial flows, and has called for elections within 12 months.
It underscored its objections on Tuesday, while stressing it did not want to "break or get involved in a conflict" with the junta.
The opposition group said in a statement it condemned the "intimidation, anti-democratic and unfair practices worthy of another era" and "distances itself from the resulting document which does not reflect the views and decisions of the Malian people".
Mali President Ibrahim Boubakar Keita resigned 19 August 2020 after a coup by the military on 18 August 2020 with the National Committee for the Salvation of the People (CNSP) steering the process towards a transitional government.
He had been facing mounting protests over his failure to curb a bloody eight-year-old jihadist insurgency, cure Mali's sickly economy and root out corruption.
Mali's neighbours are anxious to avoid the fragile Sahel state spiralling into chaos.
As a young lieutenant in 1968, Traore was the main instigator of a coup that overthrew Modibo Keita, the country's first post-independence president. He stayed in power until he in turn was ousted in a coup in 1991.