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.

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REQUEST 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.

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Exchange Rates

Exchange rates as of 20-11-2024

Currency UCAO/WAUA USD GBP EURO
CEDI-GHS 20.92317772 15.92000008 20.09911537 16.84025764
DALASI-GMD 94.12722015 71.6193924 90.41999817 75.75936127
ESCUDO-CVE 137.0049591 104.2441483 131.6089935 110.2699966
FCFA-XOF 814.9937744 620.1113892 782.8950806 655.9569702
FRANC GUINEEN-GNF 11241.86133 8553.692383 10799.09766 9048.139648
LIBERIA DOLLAR-LRD 237.7286377 180.8826447 228.3656464 191.3385925
LEONE-SLL 29.68830872 22.58919907 28.51902771 23.89497185
NAIRA-NGN 2201.620361 1675.166016 2114.90918 1771.999268
EURO 1.242449999 0.944809973 1.196609974 1
GREAT BRITISH POUND-GBP 1.041000009 0.789479971 1 0.835694194
US DOLLAR-USD 1.31427002 1 1.266656518 1.058413863
WAUA-UCAO 1 0.760878682 0.9606148 0.804861367

Daily Rates

Cross Rates

Exchange rates as of 20-11-2024

Currency GHS GMD CVE XOF GNF SLL LRD NGN
CEDI-GHS 1 4.498705387 6.547999382 38.95172119 537.2922363 1.418919563 11.36197567 105.2239914
DALASI-GMD 0.222286165 1 1.45552969 8.658428192 119.4326248 0.315406203 2.52560997 23.38983727
ESCUDO-CVE 0.152718395 0.687035143 1 5.948644161 82.05440521 0.21669513 1.735182762 16.06963921
FCFA-XOF 0.025672808 0.1154944 0.168105528 1 13.79380035 0.036427651 0.291693807 2.701395273
FRANC GUINEEN-GNF 0.001861185 0.008372921 0.012187036 0.07249634 1 0.002640871 0.021146733 0.195841283
LEONE-SLL 0.704761565 3.260014772 4.614778519 27.45167542 378.6629028 1 8.007483482 74.15782928
LIBERIA DOLLAR-LRD 0.088012867 0.395943969 0.576308191 3.428252459 47.28862762 0.124883175 1 9.261065483
NAIRA-NGN 0.009503536 0.042753611 0.062229149 0.370179057 5.1061759 0.013484753 0.10797894 1

Cross Rates

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…

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25-08-2022
60TH 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…

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14-06-2018
Parliamentary 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…

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31-10-2016
Regional 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…

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16-11-2024
Macro 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.

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07-12-2023
ECOWAS 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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