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By Seth Danquah, RNG
Takoradi, June 3, GNA – Revenue Performance
the Metropolitan Assembly of Sekondi-Takoradi (STMA) has been encouraging for
first quarter of the year as an Internally Generated Fund (IGF) at the same time
the period amounts to GH ¢ 2,280,707.03, representing 25% of approved expenditures for 2019
estimated budget.
The meeting at the end of the first quarter
distributed approximately 21,250 tickets out of a total of 25,000, representing 85%
hundred.
The total capital expenditure budgeted for
2019 was 8,242,749.17 GH ¢ and had now spent 466,550.92 GH ¢.
Mr. Anthony K.K Sam Metropolitan Chief
The executive, who told GNA in an interview with Sekondi, said
Capital expenditure payments were expected to increase significantly in the second and third
third quarters.
On expenditure, he noted that the
The Assembly's control measures bore fruit and only five months
old, almost all spending items were within the limits of their goals
exception of advisory services and other allowances which have seen some
fallout from the 2018 fiscal year.
The MCE attributed success to
effective distribution and monitoring of invoices which, he said, have been respected and
thus contributed to the performance to a large extent.
He added that in August 2018, the Assembly
approved a 100% increase in market rights from 0.50 pence to GH ¢
GH ¢ 1.00 that was supported by a mbadive budget outreach exercise
the team gains the attention of the populace.
According to him, his outfit also received
the third quarter allocation of its share of the 2018 District Joint Assembly
District Development Fund (DACF) and the second tranche of the 2014 District Development Fund (DDF)
which has been used for the payment of projects and programs already approved by
l & # 39; Assembly.
Mr Anthony Sam hinted that the role of the Assembly
The estimated total expenses for the year 2019 were 24,767,885.24 GH ¢,
major components such as employee compensation, use of goods and services, and
investment expenditure (capital expenditure)
He stressed that his outfit would leave
nothing will be neglected to achieve its revenue goal for the year
and called on the business community, the staff of the Assembly and the people to
work hard and contribute to the rapid growth of the Assembly.
He also mentioned that the Assembly was
making all its payments on Ghana Integrated financial management information
System (GIFMIS) although there have been some networks
challenges, adding "we go do everything possible to comply with this
critical government initiative, which is also in line with the Public Charter
Law on Financial Management, Law 921 ".
GNA
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