On 24 January 2025, the newly appointed Director General of the West African Monetary Agency (WAMA), Mr. Boima S. Kamara, paid an official visit to the Central Bank of Nigeria, as part of his goal to strengthen collaboration and foster cohesion with Member Central Banks in the ECOWAS region. He was warmly received by the […]

On 24 January 2025, Mr. Boima S. Kamara, newly appointed Director General of the West African Monetary Agency (WAMA), visited the ECOWAS Commission, reinforcing his aim to strengthen collaboration with Member Central Banks across the ECOWAS region. He was warmly received by Commissioner for Economic Affairs and Agriculture, Mrs. Massandje Toure-Liste, who congratulated him on […]

Kamara’s visit is a strategic initiative to foster strong partnership with WAMI in research, statistical harmonization, and multilateral surveillance, amongst others. During the meeting, the DG of WAMA expressed appreciation for the warm welcome extended by WAMI, even on short notice, and recognized the significant progress achieved by Dr. Olowofeso in promoting regional integration during […]

On 14 January 2025, the newly appointed Director General of the West African Monetary Agency (WAMA), Mr. Boima S. Kamara, paid an official visit to the Headquarters of the ECOWAS Bank for Investment and Development (EBID), as part of his goal to strengthen collaboration and foster cohesion with key partners in the ECOWAS region. He […]

On 9 January 2025, the West African Monetary Agency (WAMA) hosted a memorable ceremony to welcome its newly appointed Director General (DG), Mr. Boima S. Kamara. The event was attended by the representative of the Governor of Bank of Sierra Leone, Dr. Abdullai Sillah, WAMA Directors, staff, and the spouse of the DG. Dr. Gradé […]

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.

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.

Accra, Ghana — 5 to 14 September 2023

The West African Monetary Agency (WAMA) is an autonomous and specialized agency of the
Economic Community of West African States (ECOWAS), established in 1996 following the
transformation of the West African Clearing House (WACH). The mission of the Agency is to
introduce a single currency for the fifteen (15) ECOWAS Member States under the ECOWAS
Monetary Cooperation Programme (EMCP).
The mandates of the Agency include but not limited to the following: to enhance monetary
cooperation and consultation among Member States, facilitate the harmonization and coordination
of monetary and fiscal policies as well as structural adjustment programmes, ensure the
monitoring, coordination and implementation of the EMCP and to initiate and promote policies
and programmes relating to monetary integration in the Sub -region

The attention of the Management of the West African Monetary Agency (WAMA) has been drawn to an article at page 19 of The Standard Times newspaper of 23 November 2022 with the title, ‘Diplomat in Drug Trafficking… died at Istanbul Airport.’ Management also notes that the article cites the Monrovia based Front Page Africa as its source for the publication.