Syllabus of the Subject: West African Monetary Zone . West African
Monetary Institute.
Introduction to the West African Monetary Zone (WAMZ);
West African Monetary Institute;
West African Monetary Zone Strategic Plan;
Structure of the West African Monetary Institute (WAMI);
Economy of the West African Monetary Zone (WAMZ) region: The Gambia,
Ghana, Guinea, Nigeria, and Sierra Leone;
Case Study:Opportunities for Increasing the Cross-Border Trade in the Banking Sector;
WAMZ Payments System Development Project.
West African Monetary Zone (WAMZ):
Related Education
Masters and Doctorate in Global Business adapted to the Students
of the West African Monetary Zone (WAMZ): The Gambia ,
Ghana ,
Liberia ,
Nigeria and Sierra Leone .
Description
West African Monetary Zone (WAMZ).
In 2000, five Western African Countries (the Gambia , Ghana , Guinea , Nigeria , and Sierra Leone ) established the West African Monetary Zone (WAMZ) . At the same time was set-up the West African Monetary Institute (WAMI) .
Liberia acceded in 2010.
The West African Monetary Zone (WAMZ) is a monetary and customs union with a common currency, the CFA Franc ;
Initially, they propose the introduction of the Single Currency in 2003;
Finally, they agreed to launch the new
single currency in 2015 .
The main objectives of the West African Monetary Zone (WAMZ) are.
To
promote the regional trade integration;
To facilitate the foreign trade and financial operations;
To harmonize the legislation and statistics;
To develop the payment systems ;
To encourage the macroeconomics convergence.
The West African Monetary Institute (WAMI) is the main body responsible for the creation of the:
Common West African Central Bank ;
Single Currency of the West African Monetary Zone (WAMZ).
The West African Monetary Zone (WAMZ) region.
1.60 million square kilometers;
195 million people (77% of the ECOWAS and 21% of the African
population);
Total GDP: 390 billion dollars (PPP): 73% of the Economic Community of West African States (ECOWAS) and 19% of Africa;
Largest economy: Nigeria (76% of the WAMZ population; 86% of the WAMZ
GDP; Crude oil represents 97% of Nigerian exports;
Second economy: Ghana (9% of the WAMZ GDP);
Main religions: Islam and Christianity ;
Lagos-Mombasa Corridor ;
Largest port: Port of Lagos .
The West African Monetary Zone (WAMZ) belongs to the West African Economic Area (African Civilization).
See also: West African Economic and Monetary Union .
Ouandaogo Abdoul Karim (Student of the Master of Science in International Business, University of Ouagadougou & EENI) winner of a WAEMU regional award.
EENI African Business Portal .
(c) EENI
(c) EENI Global Business School (1995-2023)
We do not use cookies
Top of this page