8th meeting of the College of Supervisors, Accra, Ghana from April, 16 – 18, 2012.
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ECOMAC Statistics |
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Questions
& Answers
WAMI's mission is to undertake preparatory activities
towards the establishment of the West African Central
Bank (WACB), and the launching of a monetary union for the
West African Monetary Zone (WAMZ). Activities including
multilateral surveillance of macroeconomic performance
of Member States, design of the architecture and policy frameworks of the
WAMZ monetary union, sensitization of stakeholders, collaboration
with external partners, studies, as well as publications
of relevant materials in pursuit of this mandate are currently
being undertaken by WAMI.
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General
Principles
As a transitional measure, WAMI shall carry out functions leading to the establishment of the WACB without prejudice to the responsibility of the competent authorities of the Member States to conduct their monetary policies. |
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Establishment
The West African Monetary Institute (WAMI) was established by the Authority of Heads of State and Government of five West African Member States (The Gambia, Ghana, Guinea, Nigeria and Sierra Leone) in December 2000. |
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Objectives
The WAMI in collaboration with the Technical Committee shall have the responsibility of managing the stages of implementation of the WAMZ up to the commencement of the WACB. |
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