Single account nightmare for banks as State starts audit

Dr Chris Kiptoo

Principal Secretary National Treasury Dr Chris Kiptoo on March 4, 2024. 

Photo credit: File | Nation Media Group

The Treasury has launched an audit of the bank accounts held by national and county government entities to pave the way for the rollout of a Treasury Single Account (TSA) that the Cabinet approved in January.

The exercise is targeting government ministries, agencies and departments (MDAs), corporations and semi-autonomous government agencies (SAGAs), public funds and projects, county governments and their entities.

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