The Department of Finance and Accounts is one of the core services Department of the Ministry. It is responsible for the receipt, recording, custody and disbursement of the Ministry’s funds and for the maintenance of proper books of Accounts as well as preparation of the Ministry’s Budget.
The Department also exercises financial controls and management of the resources of the Ministry to ensure internal checks and Fiscal Discipline. It, in additional renders advise to the Permanent Secretary who is the Chief Accounting Officer of the Ministry on all financial matters in line with financial regulations and other extant rules. The department also ensures compliance with financial Regulations Accounting Codes and all other extant rules on accounting for all public Funds and compiles Ministry’s budget inputs from all Agencies under the Ministry.
It ensures effective budgetary control through proper implementation in line with approved allocations; as well as monitoring of all documentary letters of credit (L/Cs) of the Ministry to ensure that they are genuine and that disbursements on these (L/Cs) are in line with terms and conditions establishing them.
The Department which is headed by a Director, Finance and Accounts also has Deputy Directors (Accounts), Assistant Directors and other staff in its current nominal roll.