WHEREAS, the disclosure and registration of assets is important to enhance transparency and accountability in the conduct of public affairs;

WHEREAS, the disclosure and registration of assets is of paramount importance in the prevention of corruption and impropriety and helps to enhance good governance;

WHEREAS, it is necessary to put in place a transparent system that would help the conduct of public affairs and private interest go separate without intervening into one another’s territory so as to avoid possible conflict of interest;

NOW, THEREFORE, in accordance with Article 55 sub article (1) of the Constitution of the Federal Democratic Republic of Ethiopia it is hereby proclaimed.