Ministry of Finance has concluded a three days leadership retreat on strategic Planning and restructuring. The retreat targets senior staff of the ministry, officials of National Revenue Authority (NRA) and officials of the Ministry of Planning and Economic Development.
Giving a background of the retreat, the Minister of Finance Jacob Jusu Saffa explained that in order to improve management and efficiency in public finance management and development planning the president taught it fit to separate the Planning and Economic Development from Ministry of Finance and Economic Development (MoFED).
JJ Saffa explained that with the new arrangement, it is but prudent for his ministry to organise such a retreat in order to review the structures of the ministry, the relationship between the remaining departments, interact with newly established directorates and divisions, as well as to clearly defined roles and responsibilities.
He added that the retreat will enable them to review the legal and legislative framework of the ministry and to understand its roles and responsibilities under the Public Financial Management Act of 2016 and other existing laws.
The Minister said the economic situation in the country further necessitates the need for the ministry to develop a clear strategic plan and restructure its organogram to restore the country’s macroeconomic stability through revenue consolidation, improving domestic revenue mobilization and expenditure controls.
He said the retreat was to finalize the proposed structure of the ministry and rationalise the terms of reference and deliverables for the various structures within the ministry. The retreat created the platform to conduct an assessment of the strength weaknesses opportunities and threats of the ministry and also map out the path to achieving the strategic objectives of the ministry for the next five years.
During the three days, presentations were done by Sahr Lahai Jusu, the Financial Secretary on the mandate of the Ministry of Finance, Revenue Mobilization by the Commissioner General National Revenue Authority and the New organogram and the new Five years Strategic plan was adopted to be the guiding document of the operation of the Ministry of Finance and the Economic recovery agenda of the President, HE Julius Maada Bio.
In her closing remarks, the Deputy Minister of Finance Patricia, Lavalie expressed satisfaction over the work done during the retreat. “I am going back to my office as a different person with lots of information about the ministry and the direction we are heading” she added.
She thanked Senior Directors and directors of the Ministry for their input in the process and encouraged all of them to work hard so that they can achieve their individual departmental goals and that of the ministry.