West African countries take stock of ‘capacity building project’
Member states likely to miss January deadline of launching new currency
The West African Monetary Institute (WAMI) is hiring an external consultant to take stock of the ‘capacity building project' it launched in 2012 – the next step towards establishing a second monetary union in the region.
Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone are working to establish a West African Monetary Union (WAMU) and Central Bank (WACB), although they look set to miss the target date of January 1, 2015.
The WAMI is tasked with conducting the preparatory work for the WAMU
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