Kpone-Katamanso Municipal Assembly achieves 77.48% revenue performance in 2023

April 5, 2024
Kpone-Katamanso Municipal Assembly achieves 77.48% revenue performance in 2023

The Kpone-Katamanso Municipal Assembly (KKMA) revealed that it recorded over GHS29.35 million in revenue for the year 2023, representing 77.48% of the estimated GHS37.88 million revenue projection.

Dr. Samuel Okoe Amanquah, the Municipal Chief Executive (MCE) of Kpone-Katamanso, shared this information during a sessional address at a general Assembly meeting.

Dr. Amanquah detailed that the revenue was sourced from various channels, including Internally Generated Funds (IGF), the District Assembly Common Fund (DACF), Government of Ghana (GoG) grants, the District Performance Assessment Tool/Response Factor Grant (DPAT/RFG), donor funds, and the Modernising Agriculture in Ghana Programme (MAG-Agric).

Breaking down the revenue figures, Dr. Amanquah explained that the Assembly aimed for GHS22.87 million in IGF revenue but collected GHS18.72 million, marking an 81.88% achievement rate. Additionally, the Assembly received GHS1.89 million out of a budgeted GHS4.95 million from the DACF, while GoG grants amounted to GHS8.69 million, slightly surpassing the budgeted GHS8.49 million.

Despite falling short of the revenue target, Dr. Amanquah highlighted a positive trend in IGF performance, with a notable increase of GHS2.4 million compared to the previous year, reflecting almost a 14.77% improvement.

The MCE attributed revenue challenges in 2023 to various factors, including the (GRA) assuming property rate collection duties, resulting in a shortfall of over GHS2.96 million in IGF revenue. Other obstacles included difficulties in enforcing development control and building permits due to boundary and chieftaincy disputes, which, in some cases, led to the presence of land guards, as well as non-payment of public toilet fees.

Regarding expenditure, Dr. Amanquah reported that out of the budgeted GHS37.88 million, the Assembly incurred actual expenditure of GHS29.71 million, equivalent to 78.43% of the estimated expenditure.

The disclosure of revenue and expenditure figures underscores the financial management and operational challenges faced by the KKMA in 2023, shedding light on areas for improvement and strategic planning in the coming fiscal year.

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