Malawi looking for new IFMS software to avert another cashgate – Finance Minister

Finance minister Goodall Gondwe says government is looking for a more reliable, high capacity and high speed software for the integrated financial management systems, IFMS.

Finance Minister Goodall Gondwe: New IFIMS

Finance Minister Goodall Gondwe: New IFIMS

Cashgate illustration

Cashgate illustration

Gondwe said this Thursday in parliament as he assured Malawians that the government is doing all it can to avert a repeat of the infamous cashgate when some civil servants manipulated the IFMS to swindle the government of its public money.

“In three to four years, a better IFMS will be in place,” said Gondwe who said several companies have already shown interest to provide the better and secure IFMS software as opposed to the present IFMS 7 which was easily manipulated and led to the loss of huge sums of tax payers money.

Gondwe also said the government has issued top civil servants with new contract letters which have spelt out financial rules and regulations in a bid to avert another cashgate.

The top civil servants issued with the new financial rules and regulations include directors of finance and chief accountants.

Gondwe also said audit committees in government departments and ministries have been invigorated so that they are vibrant to detect any fraud before it occurs.

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Mnyamata wa nzeru
Guest
Dont fool us old man! Some of us are well versed in what exactly was happening! Nothing to do with the technology itself but the insiders who created bogus system super user accounts to siphon money out of govt coffers!! Such people can do the same to any system regardless of its robustness!! Insider threat is real bwana and no amount of technology (on its own) will prevent another cashgate from happening!! What you need to do instead, mr old man, is to fast track ALL cashgate cases and impose very strict punitive measures (even death by the firing squad).… Read more »
Pias
Guest

wakalamba ameneyi

Mtondoli Jionazi
Guest
It is not really, at the end of the day, how good the software is. I do not think a system can be totally bullet-proof. It all boils down to the measures in place to make sure there are no loop-holes in the whole chain. Software on the other hand just helps automate the processing and tracking of transactions. Are the companies local or international? Could getting it custom developed make it more secure perhaps? So that ‘security’ features can be added as required? 1. Local development could have offered employment for a local company and software developers i.e. if… Read more »
Boyd Kilembey
Guest

This is stupidity at its best. The current IFMIS is not the problem. The problem was those who were entrusted to enforce the controls.
A system can not be strong on its own. Its strength depends on the integrity of those manning it.
I thought Goodal would know better having worked at the World Bank.

Chingolopiyo
Guest

We have heard so much frm the Finance Minister, i dont knw if all what he has said in the August House and out side that house are to be implemented

chechipapwiche
Guest

Just a piece of advice, make sure that your software MUST use Oracle database.

Chatsalira
Guest

Any accounting software including ERPs like SAP, Oracle are as reliable as the integrity of the users. If the users decide to collude especially with the one with Administrators right, then nothing can stop them in looting.

Kavuluvulu
Guest

Goodall Gondwe, it is not the system that stole money from Malawi Government coffers. But dishonest and selfish Malawians. So the way to go is to change the Malawian mindset first and later the system. It appears we have institutionalised stealing in this country.

Zagwa
Guest

Don’t tell us lies Gondwe… We know that you have already procured another system and actually you have frozen the whole IT Government Department (e-government) because that lomwe woman who was heading it has be given a position to oversee the procurement and deployment of your preferred IFMIS which your lomwe government will master and manipulate at will. Not all of us are stupid… Reforms my foot, sell-outs with your VP.

wiveee
Guest

Gondwe is catching up with age- too old to be running up and down! Do you want to do another cashgate in three years time for the compaign in 2019? All malawians know that you are part of DPP cashgate thats why you are not taking on board that report. God loves malawi so much – you will pay for that believe me….asaaa.

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