Internally generated revenue and physical development projects in the wassa amenfi west municipality
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Date
2023
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KNUST
Abstract
The study aims to investigate and appraise how internally generated revenue contributes to the provision of physical infrastructures in the Wassa Amenfi West Municipality. Considering the nature of the research objectives and data collected from the field, A mixed-method study strategy is used to examine how internally generated income contributes to physical development in the Wassa Amenfi West Municipality. However, the population for the study consisted of all taxpayers in the study area. Through a convenient sampling method, 96 respondents were used as the sample size for the study. The results were analyzed using both descriptive and inferential statistics. The findings indicated that licenses form the highest proportion of IGF in Wassa Amenfi West Municipality with rents being the least-performing source. The correlation analysis indicated a positive relationship between the two variables such that an improvement in the Internally Generated Revenue at any given time is expected to lead to the development of Physical Infrastructure. Binary logistics regression was analyzed to find the factors that affect taxpayers' willingness to pay taxes. It was found that gender was the only significant variable. Finally, the study found that the lack of current and accurate data on district activities (̅𝒙 2.24) with respect to IGF mobilization was the major constraint facing collectors. The study then recommended that the Assembly makes a deliberate attempt to move into other potential areas like tolls on mobile money services and night market, fees on refuse dumping, revenue checkpoint, Embossments, billboards, tourism user fees, Burrier fees, as well as on-street parking fee, Licenses on sand winning and fines on unlawful parking, the Assembly put in place procedures to ensure efficient management of internal revenue generation, as well as effective supervision and monitoring of tax collectors, and the Assembly, should start a regular education campaign and engage in interactions with ratepayers.
Description
A thesis submitted to the department of accounting and finance, school of business, college of humanities and social sciences kwame nkrumah university of science and technology in partial fulfillment of the requirements for the degree of master of business administration (finance)