Emefiele have held discussions on how to boost trade between the two countries on the fringes of the just-ended joint statutory meetings of WAMZ (West African Monetary Zone), West African Monetary Agency
(WAMA) and West African Institute for Financial and Economic Management (WAIFEM), held in Conakry, Guinea.
"Luckily, the EPSS study revealed that with the exception of only Guinea Bissau and Liberia, all the banks in the rest 13 countries in the region are already operating on the Real Time Gross Settlement (RTGS) system, which is a critical pre-condition for the operation of the EPSS," the Commissioner revealed, adding that the Commission is using a strategic approach in the EPSS process with the participation of all regional stakeholders including regional central banks, national inter-bank payment and settlement systems, West African Monetary Agency
(WAMA) West African Bankers Association (WABA), switch operators in
The Bamako meeting, which brings together representatives of the 15 ECOWAS member states' Central Banks, Ministries of Finance and National Offices of Statistics in charge of data management, is preceded by a four-day workshop of representatives of regional institutions (the West African Monetary Agency
(WAMA), West African Monetary Institute (WAMI), ECOWAS and UEMOA Commissions), as well as resources persons.