The West African Monetary Agency (WAMA), an autonomous agency of ECOWAS responsible for multilateral payment facilities intended to promote trade within the West African sub-region, is poised to have its first Liberian Director-General since 1975.
After a competitive vetting of applicants across the ECOWAS Member States, former Liberian Finance Minister Boima S. Kamara emerged as the preferred candidate to lead WAMA for the next four years. Mr. Kamara will take over from the Acting Director General, Mr. KIPRE Gradé Momèle, who has also served as the Director of the Financial Integration Department at WAMA since June 7, 2021.
It can be recalled that the new WAMA Boss, Mr. Boima Kamara, resigned his post as Minister of Finance of Liberia six months into President Joseph Boakai’s administration after rumors of a decline in health.
The experienced Liberian Economics, who also served as Deputy Governor of the Central Bank of Liberia, is now tasked to institute appropriate macroeconomic reforms, including monetary, at WAMA, a regional entity comprising the eight Central Banks of ECOWAS Member States, including the BCEAO (the common Central Banks of seven francophone and one lusophone countries); the Central Bank of Ghana; the Central Bank of Liberia; the Central Bank of Gambia; the Central Bank of Cape Verde; the Central Bank of Nigeria; and the Central Bank of Guinea.
