8/11/2019 E Bulletin 1

1/2

GIFMIS

ver the past decade, governments in Module (iii).General Ledger (iv). Purchasing

most developing countries have Module (v). Cash Management Module

embarked on reforms to enhance The project is jointly being funded by fourOefficiency and transparency in public financial Development Partners (DPs)- (I). The World

management (PFM). Bank (ii). DFID of the United Kingdom (iii).

In Ghana, public sector financial reforms European Commission-EU (iv) . Danish

began in 1993 as the Public Financial International Development Agency-DANIDAManagement Reform Programme (PUFMARP). following a Memorandum of Understanding

One of the interventions was the use of the (MOU) signed between the Government of

Integrated Financial Management Information Ghana and the Ps on 16 March 2011.

System known as the Budget and Public When fully implemented, GIFMIS will

Expenditure Management System (BPEMS), serve as the single source system for official

which ended in 1997 but with challenges. budget creation and management, cash and

To enhance the reforms, the Ghana treasury management, purchase ordering and

Integrated Financial Management Information payments, and financial control and reporting

System (GIFMIS) was launched in September for the country as a whole.

2009. GIFMIS involves the use of a softwareknown as Oracle E Business Suit, which has a

number of modules (components) based on

the specified need of the government of

Ghana. The components include; (i). Accounts

Receivable Module (ii). Accounts Payable

D

Public Financial Management(PFM) in Ghana

Implementationof GIFMIS

GIFMIS will be implemented in three Project

phases.

The first phase of the Project would cover

the fourteen (14) MDAs that were initially

under the BPEMS. They include Ministryof Communication, Ministry of Health,

Ministry of Interior, Ministry of Roads and

Transport, Ministry of Education and

Ministry of Finance and Economic

Planning.

The second phase would involve the

r e m a i n i n g c e n t r a l G o v e r n m e n t

Ministries, Departments and Agencies

(MDAs) in Accra,

The third phase would cover the regional

Treasuries and the MMDAs.

Volume 1

Ghana Intergrated Financial Information System

Produced bythe Cultural Change and Process Management Team-GIFMIS

Repressentatives of some donor partners at the signing ceremony

8/11/2019 E Bulletin 1

2/2

Q; What is GIFMIS?

A; It is the acronym for Ghana Integrated Financial

Management Information System .It involves the use of

a number of integrated electronic financial modules in

the management of public funds

Q; What are the electronic financial modules being

introduced under GIFMIS

Answer; (i). Accounts Receivable Module (ii). AccountsPayable Module (iii).General Ledger (iv). Purchasing

Module (v). Cash Management Module.

Q; Why is GIFMIS being implemented?

Answer; To enhance Public Financial Management

through reliable (i)-Financial reporting, (ii)-Informed

decision making,(iii)-reliable Planning for national

Growth

Q; Which category/section of staff in the MDAs are

expected to work with the GIFMIS Tools

Answer: (i)-Budget (ii)-Accounts (iii)- Procurement (iv)-

Stores (v)-Internal Audit (vi)-Treasury (vi)-Spending

Officers; Chief Directors

Q; How will GIFMIS benefit me at workplace

Answer;(i)-Less manual work (ii)-Less book-keeping,

more analysis and reporting (iii)-Timely production of

public accounts (iv)-Reliable and timely management

reports for informed decision-making (v)-Easy access to

financial information (vi)-Internal controls will be

enforced by the system (vii)-No duplication of data

entry

Q; How will the state benefit from GIFMIS

Answer; (i)-More money for government programs and

services (ii)-Lower administration costs (iii)-Moreaccountability and transparency (vi)-Less opportunity

for corruption (v)-Better information about

Government programs and services

(vi)-Timely Public Accounts

InternalOrganisationGIFMIS is being managed by the

Control ler and Accountant

General's Department under theauspices of the Ministry of Finance

and Economic Planning. A project

implementation and coordination

unit called the GIFMIS Secretariat

has been established.

The main office is located at

the Ghana News Agency Building.

However, the Project Directors'

Office is in Room 604 on block C in

the premises of the Controller and

A c c o u n t a n t G e n e r a l s

Department.

Mr. Seidu Kotomah, is the

Project Director. He is assisted by

two Deputies, Mr. Mac-Effort K.

Adadey (Finance & Accounting)

and Mr. Victor Azamati (Budget).

The project management

team is responsible to the steering

Committee headed by the Mr. Seth

Terkper, Deputy Minister of

Finance and Economic Planning.

GIFMIS is being implemented

by nine (9) specialized teams. Each

T e a m c o n s i s t s o f v a r i o u s

professionals with extensive

experience in the subject area.

Each Team is managed by a Team

Leader, who are experienced

persons with good knowledge of

the public sector.

These teams are supported

by different groups of corporate

and individual consultants.

Professional

Column

CIPS - CharteredInstitute of

Purchasing & Supply

The Institute of

CharteredAccountants (ICA)

Ghana

CIPS is the premier global

o r g a n i s a t i o n s e r v i n g t h e

p r o c u r e m e n t a n d s u p p l y

profession.

You can study in a number of

ways, including:

Registering with a local

study centre in Ghana;

Zenith University College.Registering with a distance

learning centre that give

access to a study centre

support.

Self-study,using course

books and website study

resources .

F o r f u r t h e r r e a d i n g g o

to;

It was established by an Act of

parliament, Act 170, in 1963. It is

the organisation in Ghana with

the right to award the Chartered

Accountant designation, and

regulate the accountancy

profession in the country.

The Institute currently runs

two distinct programmes.

(a) The Professional Programme.

(b) The Technician Programme,known as Accounting Technicians

Scheme West Africa (ATSWA).

F o r m o r e i n f o r m a t i o n ;

http://www.icagh.com/

https://www.cips.org/en-

GB/Resources/

etc.Dr. Kwabena Duffour, Minister of

Finance and Economic Planning has been Hon. Seth Terkper. Deputy Minister of

very instrumental in getting the donor Finance and Economic Planning (F) has

support for the reforms the oversight responsibility over the

Public Financial Management (PFM)A National Steering Committee has been

Reforms, which includes GIFMIS.set to supervise the implementation ofthe PFM including GIFMIS. Members of A one day briefing session on the Ghana

the committee include Deputy Governor Int egr ate d Fin ancia l Man age men t

of Bank of Ghana, Commissioner of GRA, Information System (GIFMIS) project for

the Controller and Accountant General, Chief Directors of all Ministries was held

Ch ai rm an -F in an ce Co mm it te e in on 23rd February 2012, at the Alisa Hotel

Parliament, President AGI, Head of Civil in Accra.

Service and chief directors of some MDAs

Tit Bits about Public

Financial Reforms &GIFMIS

Dr. Kwabena Duffour,

Minister of Finance and

Economic Planning

https://www.cips.org/en-GB/Resources/https://www.cips.org/en-GB/Resources/https://www.cips.org/en-GB/Resources/https://www.cips.org/en-GB/Resources/