The West Africa Monetary Agency (WAMA) convened in Dakar, Senegal, from July 26-29, 2024, for the Forty-Fifth Joint Ordinary Meeting of the Economic and Monetary Affairs Committee and Operations and Administration Committee. This meeting was followed by a gathering of Central Bank Governors from the Economic Community of West African States (ECOWAS) region to deliberate and adopt recommendations from the Technical Committee.
During the meeting, the Governors emphasized the importance of Central Banks in the ECOWAS region working diligently to meet the criteria for the Eco currency. They highlighted the need for collaboration and harmonization among ECOWAS institutions on convergence and microeconomic matters to achieve the timeline set out in the roadmap for implementing the Eco.
In her remarks, Mrs. Massandje TOURE-LITSE, Commissioner for Economic Affairs and Agriculture, representing the President of the ECOWAS Commission, extended His Excellency’s regards and stressed ECOWAS Commission’s commitment to collaborating with other Community institutions to realize regional integration. She noted that WAMA’s Mid-Term Statutory meeting is significant in advancing towards establishing the Eco currency.
The meeting underscored ECOWAS’s commitment to economic integration and monetary convergence. The Governors’ resolve to meet criteria for establishing the Eco currency reflects their dedication to fostering economic prosperity and cooperation in the region.
