Accra, June 29, GNA – Reforms of the country’s banking arrangement was a assurance column blind on the challenges attributed to the accessible sector.
Thank God the annoying signs were divined by Ghana’s development partners, arch to the bearing of Ghana Chip Banking Administration Advice Arrangement (GIFMIS).
In September 2009, GIFMIS was launched, as allotment of the Accessible Banking Administration Reforms in Ghana.
The above stakeholders were Controller and Accountant General’s Department (CAGD) and Ministry of Accounts (MoF).
The reforms are actuality adjourned by World Bank, Department for International Development, UK, European Commission and Danish International Development Agency.
It involves appliance an Enterprise Ability Plan (ERP), which is a centralised cyberbanking platform, with assorted apparatus advised to facilitate the breeze of advice amidst civic institutions, to facilitate accommodation making.
The arrangement is acquiescent absolute after-effects as, the 33 Ministries, Departments and Agencies (MDAs) and the 10 Bounded Treasuries accept been affiliated to the GIFMIS system.
The arrangement facilitates the processing of government business on the circumscribed armamentarium by the MDAs, in an attack to advance accuracy in the administration of accessible finance. Also, payments from the MDAs and treasuries to government suppliers are now done through Cyberbanking Funds Transfer.
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