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Definition of West african clearing house

West african clearing house Definition from Business & Finance Dictionaries & Glossaries
2K Group Shipping, Trade, Insurance Dictionary
WACH (French: Chambre de Cooperation de l'Afrique de l'Ouest, CCAO)
provides settlement of payments services among central bank and other
monetary authorities in West Africa. WACH was established in 1975 (began
operations in 1976); headquarters are in Freetown, Sierra Leone.
Membership includes the Central Bank of West African States (representing
Benin, Burkina Faso, C“te d'Ivoire, Mali, Niger, Senegal, and Togo) as well
as The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mauritania, Nigeria,
and Sierra Leone.