Tag Archives: Ramathan Ggoobi

PSST Ramathan Ggoobi wants timely execution of government programmes   Kampala, Uganda | JULIUS BUSINGE | Uganda’s Ministry of Finance Planning and Economic Development on July.18 released funds for the first quarter of FY2023/24 totalling Shs 4.8 trillion to meet the government expenditures. This represents 9% of the Shs 52.7 trillion …

Kampala, Uganda | THE INDEPENDENT | The implementation roadmap of the rationalization program for 69 government institutions ends this month, with the new approved structures taking effect on July 1 with the new financial year. The Permanent Secretary at the Ministry of Finance, Planning and Economic Development, Ramathan Ggoobi said that …

Kampala, Uganda | THE INDEPENDENT | Government initiatives put in place over the last 10 years to reduce poverty or create wealth have had mixed returns either due to mismanagement or under-funding, according to a new report on Uganda’s poverty levels. The 2021 Poverty Status Report examines poverty trends and dynamics …

Kampala, Uganda | THE INDEPENDENT | In a bid to rectify the recurrent challenges in remittances of pensions, gratuity and salaries of public servants, the Ministry of Finance, Planning and Economic Development (MoFPED) has instituted an audit into the payroll. This revelation was made by the Permanent Secretary and Secretary to …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has questioned Finance Ministry officials on the set priorities for next financial year without increase in the budget allocations. This was during the Monday meeting in which Henry Musasizi, the Minister of State for Finance presented the budget estimates for the coming financial …

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has reached an agreement with the Ugandan government for a release of about 240 million US Dollars (873.8 billion Shillings) in financing to the country. The agreement which is subject to approval by the IMF Board, is part of the …

Kampala, Uganda | THE INDEPENDENT | The Secretary to Treasury, Ramathan Ggoobi, has told MPs that the Ministry of Finance is in the process of streamlining tax incentives to ensure their effective implementation. Ggoobi was on Thursday appearing before Parliament’s Finance Committee together with the Minister of State for Planning, Amos …

Kampala, Uganda | THE INDEPENDENT | The spike in domestic borrowing by the government has increased the discomfort in the private sector, as commercial banks also raise their interest rates. Commercial banks have been announcing new prime lending rates over the last three months, attributing their decisions on ‘current business environment’ …

Kampala, Uganda | THE INDEPENDENT | The government withheld substantial amounts of funds which were supposed to be released in the first quarter of the financial year 2022/2023, as a way of controlling the count of money in circulation, according to the Ministry of Finance, Planning and Economic Development. This fiscal …

Kampala, Uganda | THE INDEPENDENT | Experts have asked the government to compile a ‘Domestic Arrears Register’ to improve accountability in debt management. This according to experts would also help the public and suppliers to track the unpaid government financial obligations. In February, the Ministry of Finance, Planning, and Economic Development reported …