West African Monetary Zone (WAMZ) Gambia, Ghana, Nigeria, Sierra Leone
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 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):
Academic Programs
Masters adapted to the Students
of the 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 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 WAMZ
The West African Monetary Zone (WAMZ) region.
1.60 million km²
195 million people (77% of the ECOWAS and 21% of the African population)
Total GDP: 390 billion dollars (PPP): 73% of the 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 .
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)
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