Revised CATS Procedure Dec.20161

COMMERCIAL BANK OF ETHIOPIA December 1, 2016
ANNEXES
ANNEX 1: The Documents Required by the Various Institutions
of both the Federal and Regional State Governments
(Extracted from The Ministry of Finance and Economic Development, procedures in
opening and operating government accounts under Guidelines No. 16/1996)
The Federal Government
1. Ministries, bureaus and other departments of the federal Government can open
and operate bank accounts as per the instruction and authorization letter of the
Federal Ministry of Finance and Economic Development.
5. The bank account of any federal government institution can be operated only by
the top official of the institution, of the department, etc., or by her or his
delegate.
6. Any withdrawal of money from the federal Government account shall be made
by two signatures of the authorized or delegated persons.
7. Federal Government Ministries, bureaus and other departments may open the
under-listed bank account as per the authorization of the federal Ministry of
Finance and Economic Development either at the NBE or at other banks
designated by it (the NBE) for the purpose.
Accounts of the Regional State Governments
1) The authority to open and operate accounts of the regional state governments
derives from the federal Ministry of Finance and Economic Development, or
from one of its finance bureaus.
2) Although these accounts may be operated by the officials of these organs, the
balance remains subject to recall by the federal Ministry of Finance and
Economic Development, or by any of its finance bureaus.
CATS Procedure |
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