CONVERGENCE REPORT 2020
As part of monitoring, coordinating and implementing the ECOWAS Monetary
Cooperation Program (EMCP), the West African Monetary Agency (WAMA) publishes
an annual Macroeconomic Convergence Report after biannual multilateral surveillance
missions. The report reviews the macroeconomic status within the ECOWAS region, as well as
the prospects, in accordance with the protocol for the creation of the West African Monetary
Agency (WAMA) (Decision A/Dec 4/7/92 of the Heads of State and Government) in its articles
3, 4, and 9 and the provisions of additional Act A/SA.01/12/15 amending Decision
A/DEC.03/06/12 on the Macroeconomic Convergence and Stability Pact (MCSP) between
Member States of ECOWAS.