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 in July 2002 on secondment from the Bank of Ghana. Prior to joining the Agency, he had 19 years of service with the Bank of Ghana. He served
WAMA in various senior positions before he was appointed as Director of the newly created Multilateral Surveillance Department in November 2010.
During his tenure at WAMA, Mr. Adu-Duodu worked tirelessly to set up and expand the scope of work of the Multilateral Surveillance Department and provided the intellectual and strategic leadership of the Agency’s economic surveillance of the ECOWAS Member States to monitor progress under the ECOWAS Monetary Cooperation Programme (EMCP). Under Mr. Adu-Duodu’s leadership, the Multilateral Surveillance Department has contributed to further enhancing the reputation of WAMA for analytical rigor.
Mr. Adu-Duodu is a remarkable economist who collaborated effectively with the staffs of other regional institutions and the Member Central Banks and helped advance the cause of the EMCP. He has worked on a wide range of policy and country issues during his career at WAMA. He was closely involved and contributed significantly to the work of the regional institutions and Member State authorities to formulate and implement a Roadmap for the single currency project as well as in the work to set up the legal and institutional arrangements for bilateral and multilateral surveillance of the economies of ECOWAS Member States. As a key member of the Senior Management Committee, Mr. Adu-Duodu played a significant advisory role as regards internal operational activities and staff management.
With his excellent interpersonal skills and sharp intellect, Mr. Adu-Duodu got along magnificently with his colleagues and provided wise counsel to the Director General on staff matters and on WAMA’s relationships with the Member Central Banks.
Mr. Saho said “Samuel’s achievements are testament of his very strong commitment to the implementation of the WAMA mandate and to monetary integration in the ECOWAS. He has left a lasting impression on all of us who have had the opportunity to interact with him. On a more personal note, I have immensely valued Samuel’s wise counsel, analytical rigor and friendship in the years we’ve worked together at WAMA.
On behalf of the Committee of Governors, WAMA staff and myself, I thank Samuel for his exemplary service to WAMA. Many of his colleagues at WAMA and myself will miss him greatly. I wish him all the best moving forward.”