Tuesday, August 9, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Editors Pick

Ifmis software procurement on track

by Suzgo Khunga
15/04/2015
in Editors Pick, National News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Treasury said on Tuesday government has decided to enhance the current software used to manage the Integrated Finance Management Information System (Ifmis) after the old version became porous and resulted in abuse and theft of billions of taxpayers’ funds.

The old version of the software, Epicor 7.3, has been due for extensive upgrading since it was installed in 2005, but Cashgate findings by British forensic auditors, Baker Tilly, established that it was grossly abused, especially by lower management accountants in the civil service some of whom are answering charges of theft in court.

Mangani: Leakage of funds now controlled
Mangani: Leakage of funds now controlled

Briefing journalists in Lilongwe yesterday, secretary to the Treasury Ronald Mangani said government delayed the upgrading of the software even after other countries using similar platforms had upgraded to version nine and in some cases even version 10.

Said Mangani: “Government has made the decision to enhance the current version and will be looking at replacement software. At the moment, servers are being procured [to support new software] and we will obtain technical and financial assistance from donor partners.”

The new software is expected to cost about $10 million (about K4.5 billion).

Commenting on the Public Finance Management (PFM) reforms, which President Peter Mutharika launched on Friday, Mangani said much as strengthening Ifmis was a priority of government, the PFM action plan would also address concerns from donors that resulted in withholding of budgetary support.

He said: “The PFM upgraded us as you have heard from the International Monetary Fund (IMF). Now we are able to control leakage of public finances and development partners are pleased with the progress.”

The action plan will be implemented until 2016 and has so far linked the Accountant General’s software with the Reserve Bank of Malawi (RBM) software to ensure real-time generation of bank reconciliations.

Previous Post

QECH abandons OPD patients

Next Post

Former Malawi minister Mwamondwe dead, burial Wednesday

Related Posts

National News

Media houses, operators cry foul over Macra tariffs

August 9, 2022
Chizuma: She had medical consultations
National News

ACB clarifies Buluma’s absence for trial

August 9, 2022
Gwengwe: M5 links Malawi with Mozambique and Tanzania
National News

House approves K20bn loan for M5 

August 9, 2022
Next Post

Former Malawi minister Mwamondwe dead, burial Wednesday

Opinions and Columns

My Turn

Bitcoin and regulations

August 8, 2022
Editor's Note

My beautiful experience as an intern

August 7, 2022
Editor's Note

My beautiful experience as an intern

August 7, 2022
Big Man Wamkulu

What is he up to? He doesn’t drink

August 7, 2022

Malawi-Music.com Top10

Trending Stories

  • Macra ordered MultiChoice Malawi not to 
implement the new proposed tariffs

    Court rebuffs MultiChoice Malawi on new tariffs

    0 shares
    Share 0 Tweet 0
  • Treasury Secretary says won’t resign

    0 shares
    Share 0 Tweet 0
  • Rip-off 

    0 shares
    Share 0 Tweet 0
  • Judiciary under probe 

    0 shares
    Share 0 Tweet 0
  •  Fuel price stabilisation fund building up—mera

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.