Summary:
- Minister of State for General Duties, Henry Musasizi Ariganyira, who chaired the meeting on behalf of Finance Minister Matia Kasaija, emphasized the importance of teamwork in enhancing operational efficiency and overcoming challenges.
KAMPALA: The Ministry of Finance on Wednesday held its end-of-year staff meeting and thanksgiving service under the theme, “Securing Uganda’s Sustainable Economic Growth – Together.”
The Minister of State for General Duties, Henry Musasizi Ariganyira, who chaired the meeting on behalf of Finance Minister Matia Kasaija, emphasized the importance of teamwork in enhancing operational efficiency and overcoming challenges.
Secretary to the Treasury, Ramathan Ggoobi, reiterated the Ministry’s primary goal of growing Uganda’s economy tenfold.
To achieve this, Ggoobi highlighted three key priorities that include Building on the Ministry’s successes and strong foundation, addressing existing institutional inefficiencies and challenges and developing the next Strategic Plan for FY2025/26 – FY2029/30, focusing on innovative initiatives to guide policy actions supporting the 10-fold growth agenda.
Ggoobi commended the Ministers and staff for achieving significant milestones in 2024, particularly in sustaining economic recovery and maintaining price stability.
“Through proper coordination of fiscal and monetary policy, we have successfully sustained economic recovery from the shocks experienced at the start of the third National Development Plan. The economy has fully recovered, with real GDP growth projected at 6.4% for FY2024/25, within the target range of 6% to 7% outlined in our current Strategic Plan,” Ggoobi noted.
He also praised the Ministry’s effective coordination of the budget process, progress on the fiscal consolidation agenda, and the successful operationalization of the Financial Inclusion Pillar under the Parish Development Model (PDM).
Ggoobi revealed that Ushs. 2.094 trillion had been directly transferred to the bank accounts of 10,589 PDM SACCOs, benefiting 2.135 million individuals nationwide.
He attributed this initiative and other wealth-creation programs to the reduction in the proportion of households in the subsistence economy, which has dropped from 39% to 33%, according to the recent National Census Report.
In his sermon, the Bishop of West Ankole Diocese, Rt. Rev. Johnson Twinomujuni, urged Ministry staff to strengthen their relationship with God, whom he referred to as the “Chief Employer.”
He encouraged them to bear fruit by ensuring that the economy thrives during their tenure.
