08
Apr
The African Development Fund (ADF) has allocated $8 million to the West African Monetary Institute (WAMI) to help promote improved banking identification and financial sector efficiency within the West African Monetary Zone. The project is part of efforts by the fund to enhance efficiency in the financial sector in participant countries, aimed at increasing access to finance and regional integration. The Board of Directors of the fund, approved the $8 million to establish a digitally interoperable unique bank identification system and harmonised customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone. The Director General of WAMI, Dr. Olorunsola…