Our Services

  • Investment of Treasury Deposits and the E-Learning Funds

    Treasury Deposits and the E-Learning Funds are authorized to be invested only in Reverse Repurchase Agreement.
     
    A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is the sale of securities together with an agreement for the seller to buy back the securities at a later date. The repurchase price is greater than the original sale price, the difference effectively representing interest, sometimes called the repo rate.
     

  • Salary Advance Loans

    A permanently appointed Central Government Employee is eligible for a loan equivalent to one month’s basic salary to assist with:
     

  • Computer Loan

    This facility assists public officers in the purchase of computers. To be eligible for this assistance, the officer should be appointed and have served their probation period of 6 months in the public service. Additionally, the officer should have two sureties who have been permanently appointed for not less than 1 year.
     
    The Ministry of Finance determines the amount to be approved.
     
    Documentation required for Computer Loans
     

  • Miscellaneous Loan

    The Miscellaneous Loan is accessible for:
     

    • Emergencies (funerals, medical)
    • Home repairs (e.g. roofing)
    • Purchasing of appliances (refrigerators and stoves)

    Eligibility
    To be eligible for a miscellaneous loan an officer should be appointed and should have served a probationary period of 6 months in the public service. Additionally; the applicant must have two sureties who have been permanently appointed for not less than 1 year in the service.
     
    The Ministry of Finance determines the amount to be approved
     
     

  • The Tertiary Assistance Loan Facility

    The Tertiary Assistance loan facility attracts interest at the rate of 5% per annum calculated on the reducing balance method. The maximum loan term given is 3 years.
     

    Tertiary Assistance Loan

    • The Tertiary Assistance Loan was negotiated between the Labor Unions representing public sector employees and the government of Jamaica. The facility was established in 2006.
    • Application for this loan is done through the Human Resource or Training Unit of the respective ministry or department.

     

  • Motor Vehicle Insurance Loan

    A permanently appointed Central Government employee is eligible for a loan to assist with the payment of Motor Vehicle Insurance Premium.
     
    The Accountant General operates three types of Insurance Loan Schemes.
    a.A discretionary loan where officers on whose Motor Vehicle the Accountant General’s Department holds a lien, are entitled to a maximum of $ 20,000.00
    b.Members of the Jamaica Civil Service Association who are insured with Covenant Insurance Brokers Limited are eligible to receive a loan for 80% of the cost of the premium not exceeding $50,000.00

  • Motor Vehicle Loan

    Applications are made to the Loans Unit at the Ministry of Finance. Once approved, instructions are sent to the Accountant General and disbursements are made subject to funds availability and the following guidelines.
     
    The Guidelines for a motor vehicle loan are:
     

          We are ACCA Certified

      The Accountant General's
      Department is ACCA certified. 
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