The process is being guided by a Steering Committee comprising the Director General of the Ministry of Finance & the Public Service -Devon Rowe - as team leader, and members from the Accountant General’s Department, Bank of Jamaica, Planning Institute of Jamaica and the Ministries of Education and Youth, Finance & the Public Service and Transport and Works.
The implementation of the CTMS will be under the control of a single Agency – namely the Accountant General’s Department (AGD), operating a Treasury Single Account (TSA) which will reduce duplication and inefficiency.
With the CTMS, the Government will (in the first instance) -
Additionally the TSA will have several accounts, including the Consolidated Fund, managed by the Accountant General’s Department to gain optimum cash utilization and value.
As a result, the Accountant General’s Department will have be transformed to a modern Treasury and reorganized to meet the new requirements.