West African Monetary Agency (WAMA)

May 13, 2010

WAMA is an autonomous and specialised agency of the Economic Community of West African States (ECOWAS) established in 1996. It serves as a multilateral payment facility to promote trade within the West African sub-region, routes and clears trade transactions and services, responsible for monitoring, and coordinates and implements the ECOWAS Monetary Cooperation Programme (EMCP) geared towards the creation of the ECOWAS single currency.

WAMA is an autonomous and specialised agency of the Economic Community of West African States (ECOWAS) established in 1996. It serves as a multilateral payment facility to promote trade within the West African sub-region, routes and clears trade transactions and services, responsible for monitoring, and coordinates and implements the ECOWAS Monetary Cooperation Programme (EMCP) geared towards the creation of the ECOWAS single currency.