Finance ministry signs service level agreement with Bank of Uganda
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.
