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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

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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, […]

VIRTUAL INAUGURAL MEETING OF THE EXPERTS COMMITTEE FOR HARMONIZATION AND OPERATIONALISATION OF BANKS AND MICROFINANCE REGULATORY AND SUPERVISORY FRAMEWORKS IN THE ECOWAS REGION

The roadmap for the adoption of the ECOWAS single currency revised in Accra, Ghana during the 86th Ordinary Session of the Council of Ministers on 16 and 17th June 2021. The revised roadmap sets out various activities to be implemented before the eco is launched in 2027. Among the activities is the harmonization of existing […]

VIRTUAL WORKSHOP HELD BY WAMA IN COLLABORATION WITH THE ECB, ECOWAS COMMISSION AND MEMBER CENTRAL BANKS ON THE IMPLEMENTATION OF THE ECOWAS PAYMENT AND SETTLEMENT SYSTEM:
LESSONS FROM THE EUROPEAN PAYMENT AND SETTLEMENT SYSTEM EXPERIENCE.

The Financial Integration Department of the West African Monetary Agency (WAMA) in collaboration with the European Central Bank (ECB), the ECOWAS Commission and Member Central Banks, organized a one-day virtual workshop on October 28, 2021 on the theme “Implementation of the ECOWAS Payment and Settlement System (EPSS) Project and the Lessons that Could be Drawn […]

REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES)
Sierra Leone
Gender Mainstreaming in Digital Financial Services Policies and Regulations across ECOWAS
Financing Agreement reference: P-Z1-H00-091
Project ID No.: 5120155000004

The WEST AFRICAN MONETARY AGENCY (WAMA) has received financing from the African Development toward the cost of the Gender Mainstreaming in Digital Financial Services Policies and Regulations across ECOWAS, and intends to apply part of the agreed amount of USD 75,000 to payments under the contract for consultant. The services included under this project are […]

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.

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