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In a statement yesterday, the Ministry of Finance and
Economic Development said although it was empowered to determine payment
instruments, it had not yet issued directives to charge in foreign currency and
was worried at the arbitrary growth of the trend.
“Treasury notes that some Government Ministries,
Departments and Agencies are demanding payment for goods and/or services
rendered in foreign currency or the equivalent in RTGS Dollars at the
prevailing interbank rate,” said the statement.
“Section 78(1)(r) of the Public Finance Management Act [CAP
22:19] empowers Treasury to prescribe or issue instructions or directions to
Ministries, whether individually or collectively, concerning the determination
of any scales of fees, other charges or rates relating to revenue accruing to
the Consolidated Revenue Fund.
“Notwithstanding the current trends where services
providers are unilaterally reviewing prices of goods and services, Government
remains committed to the provision of services at cost recovery levels,
cognisant of the need to ensure affordability and accessibility to the general
public.
“It is important to note that Treasury has not approved any
changes to the prevailing levels of fees and payment modalities. Thus,
Government fees, charges and levies remain at the approved RTGS Dollars that
were formally communicated to each Ministry, Department or Agency.”
Treasury instructed errant units to rethink. “In view of the above, Line Ministries have since been
directed, to desist from referencing any fees and charges to the USD, as well
as unilaterally and illegally reviewing such fees without the approval of
Treasury,” read the statement. Herald
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