GIFMIS set to overhaul public accounts systems

CAGD PictureTHE Ghana Integrated Financial Management Informa-tion System (GIFMIS), is poised to overhaul the public accounts management system to promote transparency and efficiency, Daniel Amin Sahnoon, Internal Oracle Expert at GIFMIS has said.

GIFMIS, he said, is an actual all-encompassing accounting system with the capacity to enhance government’s accounting system, stressing its determination to remove the drudgery of manual processes for the button manipulated accounting software system.

Mr Sahnoon was speaking at a sensitisation session of a five-day programme for the Ho-Municipal Area Accounting and related staff, on the deployment of other funds, including internally generated funds (IGF) onto GIFMIS.

Also, participants would be taken through hands-on training on the system, and return later for post-training field support.

GIFMIS was launched in 2009, as part of the Public Financial Management (PFM) reforms, with support from the World Bank, EU, DANIDA and DFID-UK.

The programme, running under the auspices of the Controller and Accountant-General’s Department (CAGD), promotes transparency and efficiency, and maximise payment and commitment controls, among others.

The Ho municipality and six other local governing areas, are piloting the project.

He said it was important all staff stop being skeptical, accept the system or be left behind, adding that “basically the system is following the known accounting principles, and consolidating all processes onto one platform”.

Mr. Sahnoon said the new system is policy-based, swift and less likely to be abused, as “human intervention is eradicated as much as possible”.

He said the system can process payments for only companies having tax identification numbers, and registered with the Value Added Tax (VAT) office.

Mr. Sahnoon pointed out that the system is not overly rigid, and that there are inbuilt mechanisms for advance payments to be regularised later.

Francis Ablode, Deputy Ho Municipal Finance Officer, said there is the urgent need to educate suppliers, including landlords to get tax numbers. — GNA

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