1: In general terms discuss the role of the Public Financial Management Reform Program (PUFMARP) and Budget and Public Expenditure Management System (BPEMS) in budgeting within the Ghanaian public sector. 2: The Ghana Integrated Financial Management Information System (GIFMIS) was developed based on the Integrated Financial Management Information System (IFMIS). Specifically to the Ghanaian public sector, it is applicable to MDAs & MMDAs and covers some funds including the consolidated and statutory funds among others. Required: i. Provide a general overview of IFMIS ii. Discuss implementation process of GIFMIS in Ghana. The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and sub-systems are listed below. Provide in full the meaning of these abbreviations and tell briefly how they interface with the GIFMIS. i. PBased Budgeting (PBB) ii.P& HuRMIS (PSC) iii. C(DMD-MOF) iv.E-Monitor (Non-Tax Revenue-MoF) v.PIMS (PID-MoF) vi.TRIPS & GCMS (GRA) vii.T-24& SWIFT (BoG) vii.E- Procurement (Public Procurement Authority
1: In general terms discuss the role of the Public
2: The Ghana Integrated Financial Management Information System (GIFMIS) was developed based on the Integrated Financial Management Information System (IFMIS). Specifically to the Ghanaian public sector, it is applicable to MDAs & MMDAs and covers some funds including the consolidated and statutory funds among others.
Required:
i. Provide a general overview of IFMIS
ii. Discuss implementation process of GIFMIS in Ghana.
The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and sub-systems are listed below. Provide in full the meaning of these abbreviations and tell briefly how they interface with the GIFMIS.
i. PBased Budgeting (PBB)
ii.P& HuRMIS (PSC)
iii. C(DMD-MOF)
iv.E-Monitor (Non-Tax Revenue-MoF)
v.PIMS (PID-MoF)
vi.TRIPS & GCMS (GRA)
vii.T-24& SWIFT (BoG)
vii.E- Procurement (Public Procurement Authority)
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he word "financial services" refers to the services provided by the finance industry. The phrase "financial services" is frequently used to denote businesses that deal with money management. Banks, investment banks, insurance firms, credit card companies, and stock brokerages are all examples whereas marketing is defined as the process of creating value for the customer, building profitable relationships with the customer and capturing value from the customer. A process that involves the customer’s satisfaction towards their requirements
created in terms of value is called the marketing process. It is a string of actions and their reactions performed by the financial institutions and the customers in order to satisfy their customers. Discuss with examples from the financial service sector the marketing process and how each process leads to the other in contributing to value creation for the customer and capturing returns from them
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