Fiscal Agent Services
The project provides services of a Fiscal Agent to the Government of Togo (GoT) for the implementation of Millennium Challenge Account Threshold funds provided by the United States Government through the Millennium Challenge Corporation (MCC).
MCC and GoT have concluded an Agreement under which MCC supports the development and the implementation of a Threshold grant. The Threshold program is designed to promote economic growth and poverty reduction in Togo by increasing citizens’ access to high quality and affordable Internet and Communications Technology (ICT) services and expanding access to formal land.
The Fiscal Agent is responsible for the financial management (fiscal accountability) of all works, goods and services under this program. In this role, the FA oversees, discharges and performs all services necessary to achieve the optimum value for money spent by OMCA, while ensuring that all financial transactions are conducted in accordance with the principles, rules and procedures set out in the respective Compact Agreements.
GFA B.I.S. Services
GFA B.I.S. was commissioned by GFA Consulting Group to provide the planning, configuration, implementation, training and support of an automated accounting system based on Infor SunSystems Financial Management Software for the Fiscal Agent. The cloud-based system provides a high level of transparency through multiple dimensions of analysis and multi-currency. Specific modules for budget, commitment and invoice management have been integrated. Donor-specific reporting requirements are met by a pre-defined real-time reporting package MS Excel®.
Photo: GFA