Browsing by Author "Katu, Adam"

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    An Assessment of sources And utilization Of Internally Generated Funds for public universities: A Case Study of University of Education, Winneba
    (JULY, 2015 ) Katu, Adam
    This study discusses the role of Internally Generated Fund (IGF) as inevitable alternative funding for public Universities in Ghana. The study was conducted in University of Education, Winneba, 150 respondents were chosen using random sampling and administered the questionnaires within June, 2015. The study pulled available literatures to revalidate the inevitability of IGF as against Government subvention that fails to provide adequate funding for the universities‘ operating and capital needs. The study concluded that student fees and non-student fees income were the major sources of IGF. The result further reviewed that the University Council comes out with a formula to allocate funds to the various departments. It was further shown that 51.56% formed the University‘s IGF for 2015 total income Budget; hence, IGF has a very significant role to play as a source of critical funding for all categories of Universities in Ghana. The research therefore recommends that, in order to derive sustainable maximum contribution from IGF sources, the University of Education, Winneba‘s management should seek professional and more effective and efficient ways of developing its IGF initiatives. In addition, recommends that Universities should restructure to accommodate an IGF co-ordination office to ensure that creative revenue generating initiatives are not stifled by long bureaucratic problems. The study will be critically beneficial to all higher education managers in Ghana and beyond.