Ghana to be HQ for West African central bank

- Central Banking staff
- 26 Mar 2004

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The headquarters of the West African Central Bank (WACB) has been given to Ghana. The disclosures were made in Abuja Thursday by the Director of West African Monetary Institute (WAMI), the Nigerian-born Dr Michael Ojo, reports said.

The decision to choose Accra was seen as a political one by the members of the West African Monetary Zone made up of Nigeria, Ghana, Guinea, the Gambia and Sierra Leone, Ghana Web reported.

Nigeria is said to be trailing behind Ghana in meeting the convergence criteria

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