The National Treasury Building in Nairobi.
The national and county governments have until February 15 to submit the details of all the bank accounts they operate, as the Treasury moves to consolidate all its monies to improve public cash management.
Treasury Principal Secretary Chris Kiptoo directed all accounting officers in the national government, county executive members for finance, and county governments to provide details of the bank accounts they run.
“As you are aware, the Cabinet approved the implementation of the Treasury Single Account System of government banking arrangements. The purpose of this communication, therefore, is to request you to submit information on all bank accounts held by yourselves by February 15, 2026,” he said in the memo dated February 2.
The government is transitioning to a Treasury Single Account System (TSA), which is a unified structure of its bank accounts that enables the consolidation and optimum utilisation of government cash resources.
The Cabinet in January 2024 cleared the National Treasury to implement the system as it eyed the billions in commercial bank deposits by the national government and other public sector entities.
Treasury Principal Secretary Chris Kiptoo during a past appearance before the National Assembly’s Public Accounts Committee.
Identifying the number of accounts the entities hold and the money is the first step to implementing the TSA, which was mooted a decade ago as one of the solutions to the leakage of public resources.
Although the Treasury promised in budget statements since 2016 to put in place the TSA, it did not take off, revealing the amount of legal and regulatory work required to underpin a successful transfer.
Dr Kiptoo said the directive to provide the bank account details applies to all public entities that include ministries, departments, and agencies, State corporations, and semi-autonomous government agencies, public funds and projects, and county governments, as well as their entities.
The TSA system of government banking arrangement is in line with the Public Finance Management (PFM) Act.
Section 28 (2) of the PFM Act stipulates that the National Treasury shall establish a Treasury Single Account into which all revenues received by national government entities shall be deposited and from which all payments of money to or on behalf of national government entities shall be made.
Further, section 119 (2) of the PFM Act states that as soon as practicable, each county treasury shall establish a Treasury Single Account at the Central Bank of Kenya or a lender approved by the county treasury through which payments of money to and by the various county government entities are to be made.
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