The West African house was established to

Assessment: WAEC SSCE - Economics - 1998 (Objective) Subject: Economics

Question 1 Report

The West African house was established to
Answer Details
The West African house was established to enhance financial transaction among member countries. The West African House was the first regional bank in Africa, established in 1948 to promote trade and economic integration among member countries of the West African Monetary Union (WAMU). The bank provides a range of services including financing of development projects, trade financing, and technical assistance to member countries to promote economic development and stability in the region. The ultimate goal of the West African House is to enhance economic cooperation among member countries through financial integration and cooperation.

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