Financial irregularities and inadequate educational resources in Ghana : a case of secondary schools in Kwahu
No Thumbnail Available
Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
knust
Abstract
The purpose of the study is to analyse the impact of financial irregularities on educational resources of secondary schools in Kwahu zone, eastern region of Ghana. Eighteen (18) out of twenty-one (21) schools in the zone were used for the study. The study adopted both quantitative and qualitative data collection sources. Quantitative data were obtained from the auditor general reports (2014 - 2018) while questionnaire was used to collect qualitative data from thirty-nine (39) school management members, twelve (12) internal auditors and six (6) external auditors. The data collected through the questionnaire were coded and fed into the statistical package for social sciences (spss) software version 26. The study revealed that financial irregularities among the second cycle institutions are caused by management inability to comprehend with all the relevant content of the legal and regulatory framework of school resources and weak internal control systems in the schools. Again, it was revealed that, financial irregularities have contributed immensely to numerous challenges and inadequacy of educational resources facing the schools. These findings suggest that the level of adequacy of school resources will be enhanced if mechanism are instituted to reduce the degree of financial irregularities in the school. It is therefore recommended that, continuous education and training should be given to school management especially headmasters and accountants to be abreast with the applicable laws and regulations governing the use of school resources. This will enable them to do away with the difficulties in comprehending and complying with the financial laws on educational resources.
Description
A thesis submitted to the department of accounting and finance, Kwame Nkrumah university of science and technology, school of business in partial fulfilment for the award of
Master of science degree in accounting and finance