PSST Ramathan Ggoobi and the Governor Bank of Uganda after endorsing the agreement

Today, the Permanent secretary and secretary to the treasury Mr. Ramathan Ggoobi signed a service level agreement (SLA) with the Governor Bank of Uganda Dr. Michael Atingi-Ego at Ministry of finance planning and economic development headquarters.

The agreement stipulates the roles and responsibilities of each party in their operations. The areas covered in the agreement include: Bank Account management, receiving & disbursement of cash, clearing of local and foreign currency payments, management of letters of credit on behalf of Ministries, Departments & Agencies (MDAs), Internet banking & settlement of debt obligations among others.

Ministry of Finance last signed a service level agreement with Bank of Uganda during the COVID19 period.

The new SLA is necessary to streamline operations in light of the new laws & regulations as well as technology used in the financial sector.