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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8607

Title: ASSESSING THE CONTRIBUTIONS OF INTERNALLY GENERATED FUNDS IN THE DEVELOPMENT OF METROPOLITAN ASSEMBLIES IN GHANA: A CASE STUDY OF THE KUMASI METROPOLITAN ASSEMBLY
Authors: Owusu, Victor Acheampong
Issue Date: 8-Apr-2016
Abstract: This research was undertaken to assess the contributions of the Internally Generated Funds in the development of Metropolitan Assemblies Ghana, with Kumasi Metropolitan Assembly (KMA) as a case study. The objectives of the study was to examine the various sources of revenue to the Kumasi Metropolitan Assembly, challenges facing revenue generation, strategies for revenue mobilization and the contributions the Internally Generated Funds helps the Assembly meet its developmental needs. Areas considered under the challenges that KMA face included; insufficient IGFs, lack of data for items to be taxed, poor tax education, under declaration of revenue by revenue collectors among others. The conclusion drawn from the research indicated that insufficiency of the available IGF sources for ever increasing expenditure demand has brought the Assembly in huge debts to suppliers and contractors. It was also seen that collection of revenue has not been that effective and that KMA has not been able to fulfill its socio-economic obligations to the people of the metropolis. A number of recommendations were made to KMA and these recommendations suggested strategies be taken to improve the revenue base of KMA. The research however recommended that KMA should invest in shuttle transport, mortuary services, funeral services, and other profitable joint ventures so as to increase the revenue base of the Assembly. Kumasi Metropolitan Assembly should devise a strategic plan to lead the activities of IGF. The plan should include the targets, objectives, strategies and disaggregated to the lowest level possible. The Assembly should however recruit more revenue collectors and train them to collect revenue for the Assembly
Description: A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)
URI: http://hdl.handle.net/123456789/8607
Appears in Collections:College of Arts and Social Sciences

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