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Progress in the
implementation of the Gambia Integrated Financial Management
Information System (IFMIS)
Following the go-live of the
IFMIS on 2nd January 2007 in six pilot sites and the
achievement of Operational Acceptance on 22nd May 2008,
tremendous progress has been made towards the coordination and
harmonisation of Budget Preparation, Budget Execution, Accounting,
Financial Management and Reporting activities for the Government of
the Gambia. We now have fully deployed system functionalities to
handle budgeting, procurement, cash management, revenue receipting,
payments, general ledger and payroll transactions on a real-time
basis. The following key achievements have so far been registered by
the IFMIS:
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All financial
transactions for all Government Departments are initiated,
processed and printed from the IFMIS thereby enabling real time
transaction processing and drastically reducing transaction
processing cycles.
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Commitment
control on the IFMIS has enabled the elimination of incidents
where Departments overspend their budgets because the system
cannot process a transaction unless funds are available for
spending.
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The system has
a variety of readily available reports that have enabled
Departments of State to track their budgets, payments and cash
balances thereby enabling effective decision making.
Additionally the reporting needs of our development partners
such as the World Bank, IMF, EU and DFID have been addressed by
the IFMIS.
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Automated bank
reconciliations on the IFMIS have greatly simplified the
management and monitoring of our bank accounts.
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Only suppliers
with Tax Identification Numbers (TINs) can transact business
with Government via the IFMIS and this has enhanced tax
compliance. Gambia Revenue Authority can get accurate reports on
supplier’s transactions in a timely manner.
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Similarly, TINs
have been captured for all the Government employees on the IFMIS
and any employee without a TIN cannot be paid on the IFMIS. This
payroll cleaning measure will be complemented by the ongoing
capture of photos for all Government employees and pensioners on
the IFMIS.
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To ensure
uninterrupted services to the Government, a Disaster Recovery
Site has been set up to provide real-time services in case the
primary system is down.
Once the system achieves Final Acceptance, we will embark on Phase
II of the Project and deploy the system in the remaining Departments
of State to enable online access. This will further enhance
efficiency in Government financial transactions processing. We are
also continuously putting in place wide-ranging measures and
strategies such as skills transfer mechanisms to ensure the
sustainability of the IFMIS.
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