Ministry of Finance (Malawi)

Malawian ministry of state finance

Ministry of Finance (Malawi)
Agency overview
Formed	1963; 62 years ago (1963)
Type	Executive Department
Jurisdiction	Government of Malawi
Headquarters	Lilongwe
Minister responsible	Sosten Gwengwe, Finance Minister of Malawi
Agency executive	Permanent Secretary
Parent department	Government of Malawi
Key document	Constitution of Malawi

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v t e

The Malawian Ministry of Finance (Chichewa: Unduna wa Chuma), (Chitumbuka: Unduna wavya Chuma) is a Malawian ministry. The ministry is responsible for state finance, including taxation, the state budget, and economic policy in Malawi.

The current minister of finance is Sosten Gwengwe (Malawi Congress Party). The department reports to the Parliament of Malawi.

History

The ministry of finance was established in 1963 during the colonial period of Malawi. The first Ministers of Finance was Henry Phillips from 1963 to 1964.

Organization

The ministry is divided into the following sections:

Financial Markets Department
Tax Law Department
Political staff
Information Unit
Asset Management Department
Budget Department
Tax Policy Department
Economic Policy Department
Department of Administrative Affairs

Subsidiaries

The following government agencies are subordinate to the ministry:

The Government Pension Fund of Malawi
National Insurance Scheme Fund
Bank of Malawi
Malawian Customs and Excise Authorities
Malawian Financial Supervisory Authority
Malawian Government Agency for Financial Management
Malawian National Collection Agency
Malawian Tax Administration
Statistics Malawi

References

Ngwira, Robert (2014-02-14). "Get to know Sosten Gwengwe, JB's running mate". Face of Malawi. Retrieved 2024-04-06.
From Obscurity to Bright Dawn: How Nyasaland Became Malawi — An Insider’s Account, by Sir Henry Phillips. London: 1998. Radcliffe Press

v t e Ministers of finance of Malawi
Colonial era (1963–1964)	Henry Phillips (1963–1964)
Post-colonial era (1964–present)	John Tembo (1964–1969) Aleke Banda (1969–1972) - ( 1994–1997) Dick Matenje (1972–1978) Edward Bwanali (1978–1980) Louis Chimango (1980–1981) Chakakala Chaziya (1981–1984) Edward Bwanali (1984–1986) Stephen Chimwemwe Hara (1986) Dalton Katopola (1986–1987) Louis Chimango (1987–1994) Cassim Chilumpha (1997–2000) Friday Jumbe (2002–2004) Goodall Gondwe (2004–2009) - (2014–2019) Ken Kandodo (2009–2011) Ken Lipenga (2011–2013) Ken Kandodo (2009–2011) Maxwell Mkwezalamba (2013–2014) Joseph Mwanamvekha (2019–2020) Felix Mlusu (2020–2022) Sosten Gwengwe (2022–present)