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Geregistreerd op: 23 Apr 2018
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BerichtGeplaatst: 23-04-2018 04:50:22    Onderwerp: Single Account Reageren met citaat
ACCRA , Aug. 10 (Xinhua) -- In its quest to boost liquidity anddeepen its fiscal consolidation measures, government of Ghanalaunched its Treasury Single Account (TSA) here on Thursday.

The measure will also enable government to manage all depositsof Ministries, Departments and Agencies (MDAs) of the state.

Minister for Finance Kenneth Ofori-Atta said the TSA wasnecessary to boost government's fiscal management and preventpayment of interests on government's own money in deposits whichthe banks use to purchase Treasury Bills and Bonds.

"Even more damaging to the public purse is the fact thatgovernment is borrowing at a high cost while it has positivebalances in commercial banks. At the same time , these positivebalances are being used to purchase government T-Bills. In effectgovernment is borrowing its own money and paying interest on it,"the minister said.

The new Public Financial Management (PFM) Act enjoins governmentto create the TSA into which all state institutions should lodgetheir deposits.

Instructions have been issued for the transfer of 190 accountsbelonging to nine MDAs to the central bank, with 36 complying sofar.

Acting Controller and Accountant General Eugene Asante Ofosuheneallayed fears of the public that the closure of these governmentaccounts would have adverse effects on the banking sector.

"I can confidently say that pre-feasibility studies and impactassessment that have been conducted prove that the commercial bankswill not be significantly impacted both on the aggregate level andon individual basis. The full implementation of the Treasury SingleAccount is expected to contribute to the improvement in treasuryoperations and consequently facilitate better service delivery ," hesaid.

The full implementation of the TSA includes rationalization ofgovernment bank accounts with commercial banks and Bank of Ghana;implementation of bank accounts tracking system (B-Tracking); andThe investment of government cash balances with both the BoG andcommercial banks.

Minister for Economic Planning Prof. George Gyan Baffuor, whoperformed the launching, pledged a full implementation of theTSA.

"There have been several attempts by successive governments toimplement the TSA. But the government of Nana Addo DankwaAkufo-Addo would implement it and there is no turning back."Enditem

BERLIN , Aug. 9 (Xinhua) -- German Foreign Minister Sigmar Gabriel has urged the United States and the Democratic People's Republic of Korea (DPRK) to refrain from threatening each other with military escalation.

"We urge all parties to moderate their behavior," Gabriel's spokesman Martin Schaefer said here Wednesday, adding that a military option could not be the solution to achieving a nuclear-weapon-free Korean Peninsula.

Schaefer called for the recent United Nations (UN) sanctions to be implemented more resolutely against the DPRK. He praised U.S. Secretary of State Rex Tillerson's proposal to hold talks with Pyongyang as soon as the DPRK ceases missile testing.

U.S. President Donald Trump earlier issued an aggressive warning that the DPRK would face "fire and fury" if it engages in what Washington views as further provocations. Shortly thereafter , Pyongyang threatened to launch a preventive attack against the U.S. Pacific island of Guam.

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KUALA LUMPUR, Jan. 2 (Xinhua) -- Royal Malaysian Navy Chief Abdul Aziz Jaafar said on Friday that on his tweet account that the search sector for AirAsia flight QZ8501 has been moved 30 nautical miles to the east.

He said the "most probable area" was established with a dimension of 1,575 sq nautical miles.

"This is the most likely the area of the missing plane ," he added while tweeting an image mapping out the search area.

Abdul Aziz said three ships were tasked to search in the "most probable area," which would operate Underwater Marine Detection System to search the wreck.

He said the Indonesian National Search and Rescue Agency has assigned the diving teams to carry out diving and underwater search.


Full story

More bodies from AirAsia flight to be identified

SURABAYA, Indonesia , Jan. 1 (Xinhua) -- Four bodies were transferred on Thursday to a police hospital in Surabaya, the capital city of Indonesia's East Java province, for identification , rescuers said.

Head of Search and Rescue Office of East Java province Moch. Hernanto disclosed that two bodies have undergone identification since Wednesday. "With the arrivals of the four bodies, the total number of bodies for postmortem examination grows to six,"he told Xinhua at a naval base in Surabaya.

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