Mutharika says Ifmis returns July 1, assuring no more ‘cashgate’

Malawi government will roll out the long  awaited  roll-out of the new Integrated Financial Management and Information System (Ifmis) on 1st July, 2020, President Peter Mutharika has revealed.

Government benches in the House.-Photo by Govati Nyirenda, Mana

 

According to Mutharika, the new system will tightly close loopholes of pilferage and smoke out ghost workers more effectively than ever.

“With this system, I have a message to all officers working in the public service. If you dare get tempted to steal money from Account Number One, we will catch you and arrest you,” he said in his address to Parliament on Friday.

Mutharika even assured Malawians that the new Ifmis has tight security features expected to prevent a recurrence of Cashgate, the plunder of public resources at Capital Hill, which cost the public purse about K266 billion between 2009 and December 2014 through theft and lack of reconciliation.

Ifmis software is touted to enhance speed and security in processing government financial transactions as well as expenditure tracking and bank reconciliations.

Nyasa Times understand that the new  Ifmis will be operated with bi-logs and finger prints; hence, enhancing security.

The 2015 National Audit Office report revealed that most of the financial transactions carried out with the previous Ifmis were not supported by any bidding or purchasing documents.

Malawi  is yet to reclaim the trust of donors six years after revelations of Cashgate exposed in October 2013 when Joyce Banda as the President.

Minister of Finance, Economic Planning and Development Joseph Mwanamvekha will present the 2020/21 National Budget on June 12.

Parliament will meet for seven weeks from June 5 to July 24 for the Budget Meeting, which is also expected to tackle Electoral Reforms Bills to facilitate the holding of the court-sanctioned fresh presidential election.

Follow and Subscribe Nyasa TV :

Sharing is caring!

newest oldest most voted
Notify of
Malawi belong to the citizens
Guest

It is you Mr president who is the most corrupt and your both senior and junior public officials.The system has no problem, but the people who are failing to use the system well, to the benefit of all Malawians.We don’t want you to continue stealing our little resources.

Sato
Guest
Sato

Why target civil servants only when everyone knows politicians, bank personel/banks are involve in the equation of cash gate.

President Chisokonezo
Guest
President Chisokonezo

A system doesn’t work itself. It needs integrity on the people s part and good monitoring.

Nyusesi
Guest

The Ifmis is the reason why this country is poor. The system favours junior officer’s making it difficult for directors and PSes to monitor transactions. Ana aku accounts office steal like hell because they are the ones with rights. No wonder junior accounts officers are building hotels, schools, bungalows and they own estates and a fleet of cars pamene ma Director akugona mu chisakasa. IFMIS IS NOT EFFICIENT AT ALL. TIBWERERE KU SYSTEM YAKALE YOLEMBA MACHEKE PA COST CENTRE OSATI KWA ACCOUNT GENERAL OR TREASURY KOKHA. Anthu okuba kwambiri ali ku Treasury ndi ku Account General. Fotseki!

Tea Grower Thyolo
Guest
Tea Grower Thyolo

Choka iwe! Wawona kuli zisankho nde ufuna uwoneke wabwino. Ndipo umaba ndi iwe wemwe

shares