REQUEST FOR EXPRESSIONS OF INTEREST AN INDIVIDUAL CONSULTANT FOR THE PROJECT HARMONISATION OF EXISTING PAYMENTS SYSTEM INFRASTRUCTURE ACROSS ECOWAS
The West African Monetary Agency (WAMA) was mandated by the authority of Heads of States of ECOWAS to facilitate the realization of the ECOWAS Payments and Settlement Systems (EPSS) infrastructure in line with the vision to come up with a single Central Bank and a single currency. The EPSS project is the initiative to harmonize the diverse existing payments and settlement system infrastructures in ECOWAS by developing a single regional payment and settlement system. The West African Monetary Agency (WAMA) has received a grant from the African Development Bank through ADFI . The African Development Bank's financing will be used to execute the ECOWAS Payments and Settlement Systems project's Regional Instant Retail Payment System components and to finish some of the work on the Real Time Gross Settlement (RTGS) System.
Read moreREQUEST FOR EXPRESSIONS OF INTEREST A CONSULTING FIRM FOR THE PROJECT HARMONISATION OF EXISTING PAYMENTS SYSTEM INFRASTRUCTURE ACROSS ECOWAS
The West African Monetary Agency (WAMA) was mandated by the authority of Heads of States of ECOWAS to facilitate the realization of the ECOWAS Payments and Settlement Systems (EPSS) infrastructure in line with the vision to come up with a single Central Bank and a single currency. The EPSS project is the initiative to harmonize the diverse existing payments and settlement system infrastructures in ECOWAS by developing a single regional payment and settlement system. The West African Monetary Agency (WAMA) has received a grant from the African Development Bank through ADFI . The African Development Bank's financing will be used to execute the ECOWAS Payments and Settlement Systems project's Regional Instant Retail Payment System components and to finish some of the work on the Real Time Gross Settlement (RTGS) System.
Read moreExchange Rates
Exchange rates as of 18-11-2024
| Currency | UCAO/WAUA | USD | GBP | EURO |
|---|---|---|---|---|
| CEDI-GHS | 21.00057602 | 15.97500038 | 15.46434116 | 16.90636253 |
| GREAT BRITISH POUND-GBP | 1.35800004 | 0.792209983 | 1 | 0.83523351 |
| US DOLLAR-USD | 1.314589977 | 1 | 1.262291551 | 1.054051757 |
| WAUA-UCAO | 1 | 0.760693431 | 0.736377001 | 0.805042803 |
| DALASI-GMD | 123.5508423 | 93.98431396 | 90.98000336 | 99.4637146 |
| ESCUDO-CVE | 136.9740906 | 104.1952896 | 100.8645706 | 110.2699966 |
| FCFA-XOF | 814.8101196 | 619.8207397 | 600.0074463 | 655.9569702 |
| FRANC GUINEEN-GNF | 11240.08398 | 8550.258789 | 8276.939453 | 9048.749023 |
| LIBERIA DOLLAR-LRD | 240.8014069 | 183.1760559 | 177.3206177 | 193.8554382 |
| LEONE-SLL | 29.65360069 | 22.55730057 | 21.83623123 | 23.87241745 |
| NAIRA-NGN | 2180.735107 | 1658.870972 | 1605.843262 | 1755.585205 |
| EURO | 1.242169976 | 0.948719978 | 1.197270036 | 1 |
Cross Rates
Exchange rates as of 18-11-2024
| Currency | GHS | GMD | CVE | XOF | GNF | SLL | LRD | NGN |
|---|---|---|---|---|---|---|---|---|
| CEDI-GHS | 1 | 5.88321209 | 6.522397041 | 38.7994194 | 535.227478 | 1.412037611 | 11.46641922 | 103.8416901 |
| DALASI-GMD | 0.169975176 | 1 | 1.108645558 | 6.594937801 | 90.97537994 | 0.24001132 | 1.949006557 | 17.65050888 |
| ESCUDO-CVE | 0.153317869 | 0.90200156 | 1 | 5.948644161 | 82.05993652 | 0.216490597 | 1.75800705 | 15.92078686 |
| FCFA-XOF | 0.025773583 | 0.15163146 | 0.168105528 | 1 | 13.79472828 | 0.036393266 | 0.295530707 | 2.67637229 |
| FRANC GUINEEN-GNF | 0.001868365 | 0.010991985 | 0.012186215 | 0.07249146 | 1 | 0.002638201 | 0.021423452 | 0.194014132 |
| LEONE-SLL | 0.708196461 | 3.260014772 | 4.619138241 | 27.47761154 | 379.0461731 | 1 | 8.120477676 | 73.54031372 |
| LIBERIA DOLLAR-LRD | 0.087211184 | 0.513081908 | 0.56882596 | 3.383743286 | 46.6778183 | 0.123145469 | 1 | 9.056156158 |
| NAIRA-NGN | 0.009630044 | 0.056655589 | 0.062810965 | 0.37364009 | 5.154263496 | 0.013597983 | 0.110422119 | 1 |
25-05-2017 Information Bulletins
WAMA BULLETIN MAY 2017
The WAMA bulletin provides information on the activities of the Agency as well as information pertaining to topical economic issues. It is therefore a pleasure to bring you yet another edition of the bulletin. In this issue, readers will have the opportunity to take a peek into the curriculum vitae of the…
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26-06-2013 Convergence Reports
ECOWAS MONETARY COOPERATION PROGRAMME FIRST HALF 2013 REPORT
World activity is expected to grow moderately in 2013, leading to a growth of rate of 2.9% against 3.2% in 2012. This growth would more or less stem from advanced countries where production is expected to increase by 1.2% in 2013 against 2.0% in 2014. The strengthening of the American…
Read more60TH ORDINARY MEETING OF THE COMMITTEE OF GOVERNORS Virtually, Chaired from Abuja, Nigeria 25 August 2022
WEST AFRICAN MONETARY AGENCY 60TH ORDINARY MEETING OF THE COMMITTEE OF GOVERNORS Virtually, Chaired from Abuja, Nigeria 25 August 2022 Remarks by Momodou Bamba Saho Director General of WAMA (As Prepared for Delivery) ▪ Chairman and Members of the Committee of Governors ▪ The Commissioner for Economic Affairs and Agriculture…
Read moreParliamentary Workshop on the Challenges and Prospects of the ECOWAS Single Currency Programme at the ECOWAS Parliament, in Abuja, Nigeria on 23 May 2018
WAMA Director General Momodou B. Saho participates in the Parliamentary Workshop on the Challenges and Prospects of the ECOWAS Single Currency Programme at the ECOWAS Parliament, in Abuja, Nigeria on 23 May 2018. Mr. Saho presented a paper on The Legal and Institutional Framework for the ECOWAS Monetary Union. The…
Read moreRegional Integration in West Africa: The Need to Consolidate Gains
REMARKS BY DIRECTOR GENERAL MOMODOU BAMBA SAHO ON THE OCCASION OF THE 2016 EDUCATION CONFERENCE OF THE WEST AFRICAN INSURANCE COMPANIES ASSOCIATION HELD IN FREETOWN, SIERRA LEONE ON 31 OCTOBER 2016 PREAMBLE Thank you, President Chief Rotimi Fashiola for your invitation to participate in WAICA’s 2016 Education Conference. And my…
Read moreMacro Economic Report 2023
The ECOWAS Macroeconomic Convergence Report for 2023 is prepared by the West African Monetary Agency (WAMA) as part of its mandate under the ECOWAS Monetary Cooperation Programme (EMCP). The report reviews macroeconomic developments in ECOWAS and assesses Member States' compliance with the established macroeconomic convergence criteria. It also offers recommendations for policy actions. This also marks the second year of assessment of Member States’ compliance with the macroeconomic convergence criteria under the new Macroeconomic Convergence and Stability Pact (MCSP), following the declaration of 2020 and 2021 as exceptional years.
Read moreECOWAS MACROECONOMIC CONVERGENCE REPORT FOR 2022
In accordance with the Protocol Establishing WAMA (Decision A/Dec. 4/7/92 of the Authority of Heads of State and Government) in its Articles 3, 4, and 9 and the provisions of Supplementary Act A/SA.01/12/15 amending Decision No. A/DEC.03/06/12 on the Macroeconomic Convergence and Stability Pact (MCSP) among the ECOWAS Member States, this report assesses the macroeconomic performance and the status of convergence of ECOWAS Member States in 2022 and prospects for 2023. It proposes key policy recommendations to Member States, focusing mainly on the actions to be taken to improve their macroeconomic performance.
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30-06-2015 Economic Reviews
The West African Economic Review June 2015
The West African Economic Review provides a forum for the participation of all stakeholders relevant to the monetary integration process of the ECOWAS Region, in respect of providing evidence-based policy recommendations. The Review if bilingual publication (French and English) which comes out twice a year (June and December) from the…
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01-01-2013 Statistical Bulletins
STATISTICAL BULLETIN Volume 1 – 2013
As part of its activities, the West Africa Monetary Agency (WAMA) collects macroeconomic data from member countries’ Central Banks, Ministries of Finance and Statistical Institutes to assess the performance of each country in terms of convergence. These data are subject to serious processing for the computation of the convergence criteria…
Read moreRecent activities
3rd Meeting of the Ministerial Committee of the Presidential Task Force on the ECOWAS single currency programme Niamey, 20th – 21st July, 2018
3rd Meeting of the Ministerial Committee of the Presidential Task Force on the ECOWAS single currency programme Niamey, 20th – 21st July, 2018
3rd Meeting of the Ministerial Committee of the Presidential Task Force on the ECOWAS single currency programme Niamey, 20th – 21st July, 2018
3rd Meeting of the Ministerial Committee of the Presidential Task Force on the ECOWAS single currency programme Niamey, 20th – 21st July, 2018
Technical Committee Meeting on Presidential Task Force on ECOWAS single currency held in Niamey from 18th - 19th July, 2018
Technical Committee Meeting on Presidential Task Force on ECOWAS single currency held in Niamey from 18th - 19th July, 2018
Technical Committee Meeting on Presidential Task Force on ECOWAS single currency held in Niamey from 18th - 19th July, 2018
Meeting of the experts sub-committee comprising BCEAO, CBN and WAMA on the choice of an exchange rate regime for ECOWAS, 10 - 12 july 2018, Lome, Togo
Meeting of the experts sub-committee comprising BCEAO, CBN and WAMA on the choice of an exchange rate regime for ECOWAS, 10 - 12 july 2018, Lome, Togo
Meeting of the experts sub-committee comprising BCEAO, CBN and WAMA on the choice of an exchange rate regime for ECOWAS, 10 - 12 july 2018, Lome, Togo
Regional experts’ meeting on the choice of a common monetary policy framework and exchange rate regime for the prospective ecowas monetary union, Abuja, 4-7 June, 2018
Regional experts’ meeting on the choice of a common monetary policy framework and exchange rate regime for the prospective ecowas monetary union, Abuja, 4-7 June, 2018
Regional experts’ meeting on the choice of a common monetary policy framework and exchange rate regime for the prospective ecowas monetary union, Abuja, 4-7 June, 2018
Regional experts’ meeting on the choice of a common monetary policy framework and exchange rate regime for the prospective ecowas monetary union, Abuja, 4-7 June, 2018
