The West Africa Monetary Agency (WAMA) recently convened in Dakar, Senegal, from 26-29 July 2024, for its Forty-Fifth Joint Ordinary Meeting of the Economic and Monetary Affairs Committee and Operations and Administration Committee, according to a Press release by the Economic Community of West African States (ECOWAS) Commission.
The gathering was followed by a meeting of Central Bank Governors from the ECOWAS region, who assembled to deliberate and adopt recommendations from the Technical Committee.
During the meeting, the Governors emphasised the need for Central Banks in the ECOWAS region to make efforts to ensure the attainment of the stringent criteria for the Eco currency.
They reiterated the crucial need for collaboration and harmonisation among ECOWAS institutions working on convergence and microeconomic matters to achieve the timeline in the roadmap for the implementation of the Eco.
In her remarks, the ECOWAS Commissioner for Economic Affairs and Agriculture, Mrs. Massandje Toure-Litse, representing the President of the ECOWAS Commission, stressed the ECOWAS Commission’s unwavering commitment to collaborating with other Community institutions in realising the regional integration agenda.
She emphasised the significance of the WAMA’s Mid-Term Statutory meeting in advancing the attainment of the Eco currency, a pivotal milestone in the region’s economic integration.
The Commission said the meeting served as a testament to the ECOWAS region’s unwavering commitment to achieving economic integration and monetary convergence. It added that the Governors’ resolve to deploy their best efforts to meet the criteria for the establishment of the Eco currency “demonstrated their dedication to this noble cause, which promises to usher in a new era of economic prosperity and cooperation in the region.”
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