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Meeting of the Director General, West African Monetary Agency (WAMA) with the Director General of West African Monetary Institute (WAMI) in Accra, 17 January, 2025

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 […]

Courtesy visit to the President of ECOWAS Bank for Investment and Development (EBID) by Director General of West African Monetary Agency (WAMA), Mr. Boima S. Kamara

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 […]

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.

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.

CALL FOR PAPERS THE WEST AFRICAN ECONOMIC REVIEW(WAER)

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

Advertisement for the Position of Information Technology Officer

The West African Monetary Agency (WAMA) is an autonomous and specialised body of ECOWAS. It was establishedin 1993, and started operations in 1996, as result of the transformation of the West African Clearing House (WACH). TheAgency is charged with the responsibility for monitoring, coordinating, and implementing the ECOWAS MonetaryCooperation Programme (EMCP), geared towards the creation […]

HARMONIZATION OF BANKING REGULATION AND SUPERVISION FRAMEWORKS
IN THE ECOWAS REGION/SUB-REGION: EXAMINING THE EUROPEAN UNION
HARMONIZATION MODEL FOR APPLICABLE LESSONS

The European Union (EU) offers a unique experience of financial integration among sovereigncountries, including regulatory and institutional integration of financial services. Financial integrationof European economies started with growing trade integration, various financial regulatory initiativesfrom the late 1970s, and the scrapping of capital controls by participating European nations from thelate 1980s. While financial integration made progress, […]

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