Reform Tools in Ethiopian Finance Institution: Challenges and Prospects

Abstract

It has become an undeniable truth that the wealth of the nation depends more on its people, management and government, than on its natural resources. 61 finance staffs and 3 key informants are considered for investigation. Moreover the researcher used questionnaire, interview and documents analysis as data gathering instruments. This study employed both qualitative and quantitative research approach. Besides, both primary and secondary data sources used to examine the issue under discussion. In addition, to better triangulate the study findings interview with key informants was undertaken. Data presentation, analysis and interpretations are made with the aid of descriptive statistics. Accordingly, the study result shows that despite few encouraging achievements were registered, multifaceted challenges has been encountered. For instance among major challenges, lack of top management focus and involvement, lack of continuous monitoring and evaluation, lack of coordination and communication, absence of incentives etc are worth mentioning among many other challenges identified. The study also recommended many like ; Top managers have to be fully committed and take responsibility for their action to prove the success of Business Process Reengineering implementation, The Finance Offices should strive and work in collaboration with concerned bodies to address the ongoing questions of incentive packages with in short period of time