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 on August 10, 1981 with the main purpose of supporting and developing the West African Clearing House (WACH).
[1] The organization has banking, securities, and auditing institutions, and individual members.
The secretary general is Sega Balde, with Rev Ifeanyi IWANDE as president.
The central banks of each participating countries financed the association.