IMPORTANT LINKS

CENTRAL BANK OF THE GAMBIA

AFRICAN DEVELOPMENT BANK

INT'L MONETARY FUND

WORLD BANK GROUP

DFID UK

 

 

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:

  1. 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.

  2. 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.

  3. 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.

  4. Automated bank reconciliations on the IFMIS have greatly simplified the management and monitoring of our bank accounts.

  5. 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.

  6. 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.

  7. 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.

 

Copyright DOSFEA 2008, Designed and Developed by IFMIS Team