Known as the Treasury Single Account, the proposal, once implemented will have a far-reaching impact on commercial banks that hold money on behalf of various ministries and agencies The Cabinet has approved the setting up of a single government bank account in what promises to be a far-reaching resolution that is set to affect commercial banks. A Cabinet brief from State House, Nairobi, said the move is meant to enhance public finance management by increasing transparency in how public money is handled. The Cabinet underscored the importance of what will now be known as the Treasury Single Account (TSA) that…