Central Bank of Guinea, RTGS (RTS/X) and SSS (DEPO/X)
Central Bank of Guinea is modernizing its national payments, clearing and settlement infrastructure in collaboration with the West Africa Monetary Institute under the West Africa Monetary Zone Monetary Integration Program. Sponsored by the African Development Fund, it is part of WAMZ Developmental program, which requires a robust payment and settlement systems to ensure the deepening of the region’s financial system. CMA Small Systems AB has been awarded a contract for development and installation of Real Time Gross Settlement (RTGS) and Scripless Securities Settlement (Depo/X) systems in Central bank of Guinea. Out of the 4 WAMZ members (Gambia, Sierra Leone, Guinea and Liberia) CMA’s solutions in Gambia and Sierra Leone are already in live mode. In Guinea RTGS system went live in March 2016.
Status: The RTGS system went into live operation in March 2016. The SSS (DEPO/X) system is under implementation.