WAMA extraordinary meeting underway in Banjul

Wednesday, December 05, 2018

The West African Monetary Agency’s (WAMA) in collaboration with the Central Bank of The Gambia are currently holding a six-day technical meeting in Banjul.

At the opening ceremony, the director general of WAMA, Momodou Bamba Saho, welcomed the delegates to the meeting, while expressing Gambia government’s appreciation and profound gratitude to the participants.

He also thanked the Central Bank’s governor, Bakary Jammeh for his solid leadership in steering the affairs of WAMA over the past one year. We also thank the president of the ECOWAS Commission for the collaboration between our two institutions and for his support.

In his official opening on behalf of the governor Central of The Gambia, Essa Drammeh, deputy governor said the government and the people of The Gambia are deeply honoured to host the joint extraordinary meeting of the Economic and Monetary Affairs Committee and the Operations and Administration Committee of WAMA .

He said as part of the progress made under the ECOWAS Monetary Cooperation Programme, it is important to applaud the commitment of the political leaders of our region for taking all the necessary measures to launch the monetary union in 2020.

“Indeed during its 4th session held in Niamey, Niger, the Presidential Task Force on the ECOWAS Single Currency Programme reaffirmed its firm commitment to work towards achieving the objectives of the founding fathers of ECOWAS to widow the region with a monetary union to accelerate the construction of a prosperous and united region.”

To this end, he said, it has undertaken all necessary measures to ensure the continuation and acceleration of the implementation of the ECOWAS Economic and Monetary Integration agenda. “Also, the recent designs of the Presidential Task Force in relation to the special fund for financing the implementation of the revised roadmap are likely to provide a lasting solution to the funding problem which has for a long time hampered the implementation process of the roadmap activities.”

Author: Abdoulie Nyockeh