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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Exchange Rates

Exchange rates as of 19-03-2024

Currency UCAO/WAUA USD GBP EURO
CEDI-GHS 16.85964012 12.66100025 16.13578987 13.79032803
DALASI-GMD 89.33553314 67.08785248 85.5 73.07191467
ESCUDO-CVE 134.8127899 101.2396851 129.0247498 110.2699966
FCFA-XOF 801.9533691 602.2388916 767.5222778 655.9569702
FRANC GUINEEN-GNF 11324.10645 8504.007813 10837.91797 9262.542969
LIBERIA DOLLAR-LRD 256.4827881 192.6096039 245.4709625 209.7898712
LEONE-SLL 30.02976227 22.55130005 28.74046516 24.56281662
NAIRA-NGN 2093.981689 1572.506958 2004.078857 1712.770508
EURO 1.222569942 0.918640018 1.169569969 1
GREAT BRITISH POUND-GBP 1.044860005 0.785380006 1 0.855015099
US DOLLAR-USD 1.331619978 1 1.273268938 1.088565707
WAUA-UCAO 1 0.750964999 0.957066 0.817949057

Daily Rates

Cross Rates

Exchange rates as of 19-03-2024

Currency GHS GMD CVE XOF GNF SLL LRD NGN
CEDI-GHS 1 5.298779964 7.996184349 47.56645584 671.6694946 1.78116262 15.21282673 124.2008514
DALASI-GMD 0.188722685 1 1.509061337 8.976868629 126.7592697 0.336145788 2.871005535 23.43951797
ESCUDO-CVE 0.125059649 0.662663579 1 5.948644161 83.99875641 0.222751573 1.902510762 15.53251553
FCFA-XOF 0.021023219 0.111397415 0.168105528 1 14.12065506 0.037445772 0.31982258 2.611101627
FRANC GUINEEN-GNF 0.001488827 0.007888969 0.011904938 0.070818245 1 0.002651844 0.022649273 0.184913635
LEONE-SLL 0.56143105 3.260014772 4.489305973 26.70528412 377.0961304 1 8.540953636 69.73021698
LIBERIA DOLLAR-LRD 0.065734006 0.348310024 0.525621176 3.126733541 44.1515274 0.117082946 1 8.164218903
NAIRA-NGN 0.008051475 0.042662993 0.06438107 0.382980108 5.407929897 0.014340986 0.12248569 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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