West African Bankers' Association of each participating countries financed the association. The WABA serves as an intermediary between banks and the sub-regional committee of the central banks. The association is located in Freetown, Sierra Leone. West African Bankers' Association The West African Bankers' Association (WABA; ) is a professional association of banking and financial services and institutions in West Africa. It has its headquarters and offices in Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. The WABA was created in August 10, 1981 with the main purpose of supporting and developing the
British West Africa colonial banking often disadvantaged the colonies as producers of commodities. Even after its final dissolution, a single currency, the British West African pound, was in effect throughout the region—including Nigeria—from 1907 to 1962. Nigeria gained independence in 1960. Sierra Leone was self-governing by 1958 and gained independence in 1961. Gambia gained independence in 1965. In 1954, the British Gold Coast was allowed by Britain to self-govern and in 1957, the Gold Coast was given independence from Britain, under the name Ghana. British West Africa British West Africa was the collective name for British colonies in West Africa during the colonial