Sep 20, 2021 Last Updated 9:08 AM, Sep 17, 2021

The Minister of Finance & the Public Service

The Hon. Nigel Clarke, DPhil., MP, is Jamaica's Minister of Finance and the Public Service and is Member of Parliament for St Andrew Northwestern. ...

Financial Secretary

Ms. Darlene Morrison is currently Jamaica’s Financial Secretary. As Financial Secretary, Ms. Morrison is the technical and administrative head of the Ministry of Finance and the Pu...

State Minister in the Ministry of Finance and the Public Service

The Hon. Marsha Smith, MP was born and raised in the parish of Saint Ann. She was educated at Brown’s Town Primary School, Westwood High School, Brown’s Town Community College, the...


"The main objective of the Central Treasury Management System (CTMS) project is to allow the government, through the Accountant General’s Department (AGD), to centralize its cash management function.

The core project activity therefore involves the upgrading of the existing government accounting system (uFinMan) used by over thirty (30) Ministries, Departments & Agencies (MDAs) and the coding and deployment of a Treasury Management Module (TMM) to be used by Accountant General’s Department (AGD).

The project is part of government’s programme- funded by the Inter American Development Bank (IADB) –Fiscal Administration and Modernization Programme Loan (FAMP) to strengthen and modernize its fiscal administrative capacity.

The Interim CTMS is being implemented in phases, with the intention of benefitting from lessons learnt at each phase informing the definition/refinement of requirements for subsequent phases and eventually an integrated financial management and information system (IFMIS). Phase 1 of the project involves the upgrade of FinMan and the development and deployment of a Treasury Management Module which would allow for centralized processing of payment requests submitted by MDAs through the BOJ’s RTGS & ACH.

The full implementation of the CTMS will allow for the consolidation of government’s cash resources under the control of the Accountant General (AG) resulting in significant cost savings and improved customer service. The Bank of Jamaica will play a critical role as custodian of a clearly structured Treasury Single Account holding GOJ cash as well as the use of the national payment system (RTGS & ACH) to make “just –in-time” payment to suppliers/payees. The interim CTMS will also involve the consolidation of revenue systems with Commercial Banks (having PRR transit accounts) continuing to facilitate the daily sweeping of funds into the TSA at the BOJ. The additional of the revenue consolidation aspect of the TMM will follow [phase 1] immediately as part of Phase 2 of the project”