By Ebrima Jallow
The public is hereby informed that the Republic of The Gambia through the Ministry of Finance and Economic Affairs (MoFEA) in collaboration with the Central Bank of The Gambia (CBG) will be hosting the 2023 beginning-of-year Statutory Meetings of the West African monetary institutions of the West Africa Monetary Zone (WAMZ) at the Sir Dawda Kairaba Jawara International Conference Centre from 2nd to 9th February 2023.
The major objective of the WAMZ Project is to create a common market that will enhance the economic welfare of the citizens of the zone.
Accordingly, the WAMZ Convergence Council Meeting is held twice a year to discuss progress towards the launching of a Monetary Union and a Common Currency. The long-term ambition is to merge the CFA Franc zone with the WAMZ to form a single monetary zone for West Africa. The meeting is expected to convene an assembly of Finance, Trade, and Foreign ministers and Governors of Central Banks of the WAMZ. The establishment of a Common Central Bank and the introduction of a common currency, the ECO would represent the watershed of the Project.
