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 28-03-2024

Currency UCAO/WAUA USD GBP EURO
CEDI-GHS 17.0515461 12.86880016 16.23214722 13.91894722
DALASI-GMD 89.57443237 67.60181427 85.26999664 73.11840057
ESCUDO-CVE 135.0873718 101.9504242 128.5958405 110.2699966
FCFA-XOF 803.5866699 606.4667969 764.9709473 655.9569702
FRANC GUINEEN-GNF 11265.04492 8501.728516 10723.71191 9195.504883
LIBERIA DOLLAR-LRD 255.3848877 192.7389526 243.1125641 208.4672546
LEONE-SLL 30.0981884 22.71509933 28.65184402 24.56874657
NAIRA-NGN 1875.757568 1415.634033 1785.619507 1531.15564
EURO 1.225059986 0.923789978 1.166149974 1
GREAT BRITISH POUND-GBP 1.050480008 0.792100012 1 0.857522607
US DOLLAR-USD 1.325029969 1 1.262466908 1.08249712
WAUA-UCAO 1 0.754699886 0.951945782 0.816286564

Daily Rates

Cross Rates

Exchange rates as of 28-03-2024

Currency GHS GMD CVE XOF GNF SLL LRD NGN
CEDI-GHS 1 5.253155708 7.92229414 47.12691116 660.6465454 1.765129566 14.97722816 110.005127
DALASI-GMD 0.190361753 1 1.50810194 8.971161842 125.7618408 0.336013168 2.851091385 20.9407692
ESCUDO-CVE 0.126226068 0.663085163 1 5.948644161 83.39081573 0.222805351 1.89051652 13.88551426
FCFA-XOF 0.021219298 0.111468285 0.168105528 1 14.01845741 0.037454814 0.317806274 2.334231615
FRANC GUINEEN-GNF 0.001513669 0.007951537 0.011991729 0.071334526 1 0.002671821 0.02267056 0.166511312
LEONE-SLL 0.566530645 3.260014772 4.488222599 26.69883919 374.2765198 1 8.485058784 62.3212738
LIBERIA DOLLAR-LRD 0.066768028 0.350742877 0.528955996 3.146570921 44.11006927 0.11785423 1 7.344825745
NAIRA-NGN 0.009090485 0.047753736 0.072017498 0.428406477 6.005598068 0.016045885 0.136150271 1

Cross Rates

21-07-2023 Communiques

Opening Remarks by Momodou Bamba Saho Director General of WAMA

WEST AFRICAN MONETARY AGENCY REGIONAL WORKSHOP ON THE HARMONIZATION OF MONETARY AND FINANCIAL STATISTICS Abuja, Nigeria, 17 to 21 JULY 2023 Opening Remarks by Momodou Bamba Saho Director General of WAMA Representative of the Governor of the Central Bank of Nigeria, Chairman of the Subcommittee, Jose Carlos Moreno-Ramirez Representatives and…

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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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21-07-2023
Opening Remarks by Momodou Bamba Saho Director General of WAMA

WEST AFRICAN MONETARY AGENCY REGIONAL WORKSHOP ON THE HARMONIZATION OF MONETARY AND FINANCIAL STATISTICS Abuja, Nigeria, 17 to 21 JULY 2023 Opening Remarks by Momodou Bamba Saho Director General of WAMA Representative of the Governor of the Central Bank of Nigeria, Chairman of the Subcommittee, Jose Carlos Moreno-Ramirez Representatives and…

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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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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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