Before the ship sets sail: A cursory look at the prospects of the proposed African Central Bank

This article contributes to the developing discourse on the proposed African Central Bank (ACB). It is anticipated that the bank will resume operations in 2020. The establishment of the bank falls under the supervision of the African Financial Regulatory Authority (AFRA) Commission. ¹ The African Union Commission (AUC) signed a memorandum of understanding with the Nigerian Government to host the ACB ² which led the AUC and the Association of African Central Banks (AACB) to produce a joint strategy report which was validated by the AUC and the AACB Joint Committee in 2013. In 2015, this joint strategy report was adopted by the AACB’s Assembly of Governors.