African Partners Directory

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Thematics

West African Bankers' Association (WABA)

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OVERVIEW

The West African Bankers’ Association (WABA) was established at the instigation of the Central Banks Governors of the Economic Community of West African States (ECOWAS). The Governors recognized the crucial role commercial and merchant banks were bound to play in the successful execution of intra-sub-regional trade from the inception of the West African Monetary Agency (WAMA). Commercial banks operating in WAMA member countries were therefore encouraged to form an association. The WABA was formally inaugurated on 10th August 1981 at the historic Nkrumah Conference Hall in Ghana. 

OBJECTIVE

  • Provide a means to exchange information on banking practices in the sub-region in particular and Africa in general and to serve as a forum for the discussion of common problems and emerging developments in the banking sector
  • Enhance the promotion and strengthening of links between banks in the sub-region in particular, Africa and the whole world in general
  • Serve as an intermediary between these banks and the West African sub-regional committee of the Association of African Central Banks (AACB)
  • Seek ways and means by which the Association can contribute to the development of commerce, industry and agriculture in the sub-region in particular and Africa in general
  • Identify available training facilities in the sub-region and disseminate to member banks with a view of exchanging trainers and students
  • Assist members to improve their training facilities or establishing new ones and, finally, with the collaboration of Central Banks, the universities and training institutions, promote the establishment of a bilingual West African Bankers Training Institution