• Welcome to WAMA

    Background information

    The West African Monetary Agency (WAMA) is an autonomous and specialised agency of the Economic Community of West African States (ECOWAS). It was established in 1996 as a result of the transformation of the West African Clearing House (WACH). In retrospect, WACH was established in 1975 to serve as a multilateral payment facility to promote trade within the West African sub-region. In addition to its functions of routing and clearing trade transactions and services, the Agency has been charged with the responsibility of monitoring, coordinating and implementing the ECOWAS Monetary Cooperation Programme (EMCP), geared towards the creation of the ECOWAS…

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FIFTY-FIRST ORDINARY MEETING OF THE COMMITTEE OF GOVERNORS OF CENTRAL BANKS OF ECOWAS MEMBER STATES

COMMUNIQUE

1. The fifty-first (51st) Ordinary Meeting of the Committee of Governors of Central Banks of ECOWAS Member States was held on 8 February 2018 in Banjul, The Gambia. 2. The Governors of the following Member Central Banks participated: i. Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO); ii. Banque Centrale de la République de Guinée (BCRG); iii. Central Bank of The Gambia; iv. Bank of Ghana; v. Central Bank of Liberia; vi. Central Bank of Nigeria; vii. Bank of Sierra Leone; 3. Representatives from the Ministries of Finance and Economic Planning, Foreign Affairs and Regional Integration, Trade and Industry…

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Report on Exchange Rate Developments of ECOWAS Currencies as at end 2016

Introduction

This report on exchange rate developments in 2016 is part of the monitoring of the stabilization of exchange rates of ECOWAS national currencies, which is a main activity under the Roadmap for the creation of the ECOWAS single currency. It contains the analysis of the world economic and financial environment, a review of the evolution of the major foreign currencies and local currencies of ECOWAS Member States, an explanation of factors behind the exchange rate movements and their implications for the respective economies in the region.

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WEST AFRICAN MONETARY AGENCY CODE OF CONDUCT FOR STAFF

The West African Monetary Agency’s (WAMA) reputation as the key organ of the Economic Community of West African States (ECOWAS) responsible for fostering monetary integration depends on the ability of its staff to uphold the highest standards of ethical and professional behavior at all times and in all of their dealings. The application of strong ethical standards should support the strengthening of the credibility of WAMA and thus contribute to the discharge of its mandate of working towards achieving a single currency for the ECOWAS Region. This Code of Conduct outlines the standards of behavior expected of WAMA staff. It provides guidance to assist staff members to understand their responsibilities and obligations, and to be able to identify situations that may reflect negatively on WAMA, undermine its operations or result in conflicts of interest. The Code compliments other WAMA rules and regulations and does not cover every possible situation of misconduct. If staff members are unsure of what course of action to take in any particular situation, they should seek guidance from their immediate supervisors or from the Administration Unit. This Code of Conduct shall apply to all WAMA staff members on permanent appointment, temporary appointment as well as staff members on secondment, on a leave of absence with or without pay or on any course of training. This Code shall also apply to consultants on assignment within the Agency. Staff members are encouraged to report any observed or suspected…

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Exchange Rates

Exchange rates as of 22-02-2018

Currency UCAO/WAUA USD GBP EURO
CEDI-GHS 6.405313969 4.418250084 6.151502609 5.43971061
DALASI-GMD 67.74437714 46.7286377 65.05999756 57.5318908
ESCUDO-CVE 129.8440247 89.5636673 124.6989517 110.269996
FCFA-XOF 772.3959351 532.7824097 741.7896729 655.956970
FRANC GUINEEN-GNF 13048.46582 9000.555664 12531.41895 11081.4052
LIBERIA DOLLAR-LRD 187.5818634 129.3899994 180.1489105 159.303833
LEONE-SLL 11000.24316 7587.734863 10564.35742 9341.95312
NAIRA-NGN 442.8955688 305.5 425.3457947 376.128936
EURO 1.177510023 0.814800024 1.131600022 1
GREAT BRITISH POUND-GBP 1.041260004 0.720049977 1 0.88370448
US DOLLAR-USD 1.449740052 1 1.388792396 1.22729504
WAUA-UCAO 1 0.689778864 0.960374951 0.84924966

Historical Rates

WAMA currency converter
 


Cross Rates

Exchange rates as of 22-02-2018

Currency GHS GMD CVE XOF GNF SLL LRD NGN
CEDI-GHS 1 10.57627773 20.27129936 120.5867462 2037.131348 1717.362061 29.2853508 69.14502716
DALASI-GMD 0.094551228 1 1.916676164 11.40162468 192.613266 162.3786926 2.768965721 6.537746906
ESCUDO-CVE 0.049330831 0.521736562 1 5.948644161 100.4933853 84.71889496 1.444670677 3.410981417
FCFA-XOF 0.008292786 0.087706804 0.168105528 1 16.89349365 14.24171543 0.242857128 0.573404849
FRANC GUINEEN-GNF 0.000490886 0.00519175 0.009950904 0.05919439 1 0.843029618 0.014375779 0.033942349
LEONE-SLL 0.000582288 0.006158444 0.011803742 0.070216261 1.186197996 1 0.01705252 0.040262345
LIBERIA DOLLAR-LRD 0.034146767 0.361145675 0.69219929 4.117647171 69.56144714 58.64236069 1 2.361078978
NAIRA-NGN 0.014462356 0.152957901 0.29317075 1.743968487 29.46171951 24.83710289 0.423535198 1

Historical Cross Rates




Extract of economic data in ECOWAS countries published by WAMA