Abstract
A landmark institutional change in the financial histories of the British West African colonies was the transition from currency board to central banking. The changing political climate and the clamour for independence were among the main factors that influenced this change in the banking environment. Under British colonial rule, monetary matters in the colonies was the responsibility of the Colonial Office. In carrying out this function, it extensively relied on the Bank of England for financial advice. John Barraclough de Loynes [J.B. Loynes], then an adviser to the governors of the Bank of England, became a key figure in this crucial stage in the financial histories of the British West African colonies.
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