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WEST AFRICAN MONETARY AGENCY

PRESS RELEASE

Freetown, Sierra Leone,

August 13, 2021 

Mr. Samuel Adu-Duodu, Director of the Multilateral Surveillance Department, to Retire from WAMA The Director General of the West African Monetary Agency (WAMA), Mr. Momodou B. Saho, notifies stakeholders that Mr. Samuel Adu-Duodu, Director of the Multilateral Surveillance Department, is to retire from the WAMA on 18 August 2021.Mr. Adu-Duodu joined WAMA as Principal Economist […]

JOINT FORUM ORGANIZED BY WEST AFRICAN BANKERS’ ASSOCIATION (WABA) AND WEST AFRICAN MONETARY AGENCY (WAMA) –28 June 2021

WAMA and WABA organized a joint forum on the theme: “The Role of Commercial Banks as Important Stakeholders towards the Implementation of the ECOWAS Single Currency and the ECOWAS Payment and Settlement System Integration Projects”.

The general objective of this joint forum was to update commercial Banks in the region on the ECOWAS Single Currency and ECOWAS Payment and Settlement System Integration Project as well as highlight their roles as critical stakeholders in the ongoing processes.  

Specifically, the objective of the joint forum was to:

  1. better involve commercial banks, and other financial institutions in ECOWAS in these Projects as key stakeholders;
  2. foster ownership of the project by commercial banks, get their observations and guidance on the two projects which could positively impact on implementation; and
  3. create a permanent dialogue platform for all these entities to foster experience sharing which would be mutually beneficial.

SEMINAR ON POLICY RESPONSES TO EMERGING EXTREME EVENTS AND LESSONS FROM THE EUROPEAN MONETARY INTEGRATION PROCESS

The establishment of a monetary union requires first a determination of the structural economic mechanisms for which either convergence/coordination between national mechanisms or the creation of a new federal institution are needed. These mechanisms cover fiscal and financial policies, including financial stability, payments and increasingly climate change policies. In a second step, cross institutional cooperation between the central banks of the prospective member states is needed to harmonize the conduct of monetary and financial policies. This includes collaboration to promote understanding of the multiple challenges faced by policy makers addressing shifts in the global economy that impact on their economies. This is especially relevant in exceptional times which may require unconventional policy responses.

Mid-Year Statutory Meetings of the West African Monetary Agency (WAMA) will be hosted by the Central Bank of the Republic of Guinea from 16 August to 21 August, 2019 in Conakry, Guinea

The Mid-year Statutory Meetings of the West African Monetary Agency (WAMA) will be hosted by the Central Bank of the Republic of Guinea from 16 August to 21 August, 2019 in Conakry, Guinea according to the following programme : PROGRAMME PARTICIPATING MEMBERS 16 – 18 August 201935th Joint Ordinary Meeting of the Technical Committees Operations and Administration Committee –  […]

WAMA RELOCATES TO NEW HEADQUARTERS

The Authorities of Sierra Leone have relocated the headquarters of the West African Monetary Agency (WAMA) from 11/13 ECOWAS Street, Freetown to 1K Scan Drive off Spur Road, Freetown. The former headquarters was constructed from contributions made by Member Central Banks of ECOWAS in 1991/92 for the erstwhile West African Clearing House (WACH). The headquarters […]

Executive Director of the International Monetary Fund paid a courtesy visit to the West African Monetary Agency (WAMA)

On 26 June 2018, Director General Mr. Momodou Bamba Saho welcomed Dr. Maxwell M. Mkwezalamba, Executive Director of the International Monetary Fund, for a courtesy visit to the West African Monetary Agency (WAMA), in Freetown, Sierra Leone. Dr. Mkwezalamba represents the Africa Group 1 Constituency, a grouping of 23 sub-Saharan African countries, on the IMF Executive Board. […]

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