The WAMI organized the 52nd Meeting of the Convergence Council of Ministers and Governors of Central Banks of the WAMZ in Conakry, Guinea from September 9-10, 2024.
The Council reviewed progress made on the implementation of the WAMZ work program and activities under the ECOWAS Single Currency Programme (2021-2027), the WAMZ Macroeconomic Developments and Convergence Report in 2023, and policy proposals for improved economic performance of Member States.
The Commissioner for Economic Affairs and Agriculture, who led the ECOWAS Commission delegation to the meeting, presented the keynote address on behalf of the President of the Commission. In her remarks, she specified progress made by the Commission toward removing barriers to trade and free movement of persons, deepening regional economic integration as well as responding to humanitarian and security challenges in the region.
The Commissioner urged the WAMZ Convergence Council to develop robust policy recommendations to address macroeconomic challenges in the region. She assured that “the Commission will continue to work assiduously with all stakeholders in the integration process to ensure that the vision of a common monetary zone is realized in a timely manner.”
The meeting was attended by a high-powered government delegation from Guinea including Prime Minister S.E. Amadou Oury Bah, Minister of Economy and Finance Hon. Mourana Soumah, and Governor of Central Bank Dr. Karamo Kaba.
