22 October, 2026
WAIFEM Regional Course on Financial Market Infrastructure and Payment Systems
A regional course on Financial Market Infrastructure (FMI) and Payment Systems was conducted by the West African Institute for Financial and Economic Management (WAIFEM) from October 12 to 16, 2026, in Accra, Ghana. Participants included representatives from Ghana, Liberia, The Gambia, Sierra Leone, Uganda, and WAMI. The Gambia had 4 participants (2 from the Ministry of Finance and Economic Affairs and 2 from The Gambia Revenue Authority).
The objective of the WAIFEM Regional Course on Regulating Payment Systems and Financial Market Infrastructure in a Digital Era is to enhance participants' knowledge and skills in regulating, supervising, and overseeing payment systems and financial market infrastructure within the digital economy.
The course has provided us great insights in promoting the safety, efficiency, security, and resilience of digital payment systems; managing operational cyber and systemic risks; understanding emerging financial technologies; improving interoperability and cross-border payments; and applying international standards and best practices to foster financial stability, innovation, and financial inclusion.
The program encompasses the following thematic areas:
Financial Market Infrastructure (FMI)
Role of Participating Member Banks and System Access to the RTGS
Implementation of RTGS in the West African Sub-Region
Risk Management, Regulation, and Oversight
Retail Payment Innovation, Mobile Money Platforms and Models
Technology Infrastructure Requirements and Trends in Retail Payments
Cyber Resiliency
Crypto Assets Regulation
Digital Securities Sandbox
Management of Data Protection Risk in FMIs