By Enock Akonnor enockakonnor2013@gmail.com
The Kumasi Metropolitan Assembly (KMA) performed appreciably in its financials for the 2023 fiscal
year.
An overview of the performance indicates that out of the total budget of Sixty-Nine Million, Eight Hundred
Thousand Ghana Cedis (GH¢69,800,000.00), an amount of SixtyThree Million, Four Hundred and Thirty-Two Thousand, Five
Hundred and Sixty-Five Ghana Cedis, Thirty-Four Pesewas
(GH¢63,432,565.34) was received/collected.
This represented
90.88% of the budget.
On expenditure, Sixty-Four Million, Eight Hundred and Two
Thousand, Eight Hundred and Sixty-Nine Ghana Cedis
(GH¢64,802,869.00) out of the Sixty-Nine Million, Eight Hundred
Thousand Ghana Cedis (GH¢69,800,000.00) budget was spent,
which represented 92.84% of the expenditure budget.
The Assembly utilized its financial resource under five (5) broad
programmes namely;
- Management and Administration – GH¢28,995,405.43
(44.74%). - Social Service Delivery – GH¢17,967,577.78 (22.73%).
- Infrastructure Delivery – GH¢8,948,694.50 (13.81%).
- Environmental Management – GH¢6,914,479.67 (10.67%) and
- Economic Development – GH¢1,976,711,62(3.05%)
These five (5) programmes translated into the economic
classifications as follows:
- Compensation – GH¢34,574,777.37 (53.35%).
- Goods & Services – GH¢23,824,971.03 (36.77%) and
- Capital Expenditure – GH¢6,403,120.60(9.88%).Revenue which saw a year-on-year percentage growth of 21.98%,
thus, collecting an amount of GH¢27,901,002.66 in a year that
experienced a major challenge with Property Rate Collection.
Hon. Sam Pyne, Mayor for Kumasi Metropolis made the above disclosure in his address at the 1st Ordinary Meeting of the 1st Session of the 9th Kumasi Metropolitan Assembly (KMA) held at the Prempeh Assembly Hall on Wednesday, 8th May, 2024.
He said that the success story is tied to the enforcement of some
digitalized revenue measures and its acceptance by the good people
of Kumasi.
“It is the wish of KMA to roll out more of such measures
to ease revenue collection, enhance the feedback mechanism
between the Assembly and ratepayers and finally do more projects
with such revenue to enhance our visibility in the metropolis.
He further said that the year 2023 saw the Assembly spending on capital projects such as:
- Construction of 1 No. 3unit classroom block at Abrepo.
- Construction and Completion of Bantama Sub- metro office
block.
Consequently, revenue mobilization-led strategy for 2024 according to him will
prioritize the following:
Improving revenue collection processes / procedures and
structures including – delivery of bills and e-payments.
Improved Enforcement:
- Effective use of the court system to recover revenue in arrears.
- Collaboration with EOCO to recover outstanding revenues where
necessary. - Conscious efforts to identify, accurately classify, and add new
revenue streams while strengthening the collection of existing
ones. - Introduction of sanitation levy and measures put in place to
facilitate its collection. - Restructure, collect comprehensive data on, and possibly
automate the collection of rent from rental facilities within the metropolis.
Enock Akonnor is a seasoned Ghanaian journalist, serving as CEO and Managing Editor for www.leakyghana.com. His gravitas, which is mirrored by many years of proven and enviable experience in the field of journalism has positioned him among the most sort after media practitioners in Ghana.
Contact: +233 541921562
Email: enockakonnor2013@gmail.com
