EENI Global Business School
West African Monetary Zone (WAMZ)



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Syllabus of the Subject: West African Monetary Zone. West African Monetary Institute

  1. Introduction to the West African Monetary Zone (WAMZ)
  2. West African Monetary Institute
  3. West African Monetary Zone Strategic Plan
  4. Structure of the West African Monetary Institute (WAMI)
  5. Economy of the West African Monetary Zone (WAMZ) region: The Gambia, Ghana, Guinea, Nigeria, and Sierra Leone
  6. Case Study:
    1. Opportunities for Increasing the Cross-Border Trade in the Banking Sector
    2. WAMZ Payments System Development Project
The Subject “West African Monetary Zone (WAMZ)” belongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Doctorates: African Business, Islamic Business, World Trade
  2. Masters: Business in Africa, International Business, Foreign Trade, Economic Relations
  3. Diploma: Business in West Africa

Student, Online Doctorate in International Business

Learning materials in Courses, Masters, Doctorates in International Business in English or Study, Master in International Business in French Zone monétaire de l’Afrique de l’Ouest (ZMAO) Masters Foreign Trade in Portuguese Área Monetária da África do Oeste (ZMAO) Study Master Doctorate Business in Spanish Zona Monetaria del África Occidental (ZMAO)

Area of Knowledge: Africa

Sample of the Subject - West African Monetary Zone (WAMZ):
West African Monetary Zone (WAMZ) Gambia, Ghana, Nigeria, Sierra Leone

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Description of the Subject - 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.

  1. The West African Monetary Zone (WAMZ) is a monetary and customs union with a common currency, the CFA Franc.
  2. Initially, they propose the introduction of the Single Currency in 2003.
  3. Finally, they agreed to launch the new single currency in 2015.

The main objectives of the West African Monetary Zone (WAMZ) are

  1. To promote the regional trade integration
  2. To facilitate the foreign trade and financial operations
  3. To harmonise the legislation and statistics
  4. To develop the payment systems
  5. To encourage the macroeconomics convergence

The West African Monetary Institute (WAMI) is the main body responsible for the creation of the:

  1. Common West African Central Bank
  2. Single Currency of the West African Monetary Zone (WAMZ)

The West African Monetary Zone (WAMZ) region.

ECOWAS ZMAO WAEMU (Africa, Master, Doctorate)

  1. 1.60 million square kilometres
  2. 195 million people (77% of the ECOWAS and 21% of the African population)
  3. Total GDP: 390 billion dollars (PPP): 73% of the Economic Community of West African States (ECOWAS) and 19% of Africa
  4. Largest economy: Nigeria (76% of the WAMZ population; 86% of the WAMZ GDP; Crude oil represents 97% of Nigerian exports
  5. Second economy: Ghana (9% of the WAMZ GDP)
  6. Main religions: Islam and Christianity
  7. Lagos-Mombasa Corridor
  8. Largest port: Port of Lagos

The West African Monetary Zone (WAMZ) belongs to the West African Economic Area (African Civilisation).

EENI Online Masters and Doctorates in Global Business adapted to the students of the West African Monetary Zone (WAMZ): Gambia, Master, International Business, Foreign Trade The Gambia, Ghana, Master, International Business, Foreign Trade Ghana, Liberia Online Master / Doctorate in Business, Foreign Trade Liberia, Nigeria Doctorates, Master, International Business, Foreign Trade Nigeria and Sierra Leone, Master, International Business, Foreign Trade Sierra Leone.

See also: West African Economic and Monetary Union.

Nigerian Trade Agreements: Economic Community of West African States (ECOWAS), Community of Sahel-Saharan States (CEN-SAD), Africa Growth and Opportunity Act (AGOA), European Union, Trade Preferential System (TPS-OIC)...

Abdoul Karim Ouandaogo (EENI Alumni)
Ouandaogo Abdoul Karim (Student of the Master of Science in International Business, University of Ouagadougou & EENI) winner of a WAEMU regional award.



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