Financial Integration in the West African Monetary Zone

Abstract

This paper highlights the importance of the WAMZ programme, which seeks financial integration through five main components. It further assesses the extent of integration in the financial sector based on the benchmark stipulated under WAMZ Action Plan of 2005, referred to as the Banjul Declaration. The paper also provides evidences on the extent to which financial indicators show how far or nearer to having a seamless financial
system, and suggest areas requiring policy intervention.