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…

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…

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…

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.

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.