Assessing the sources of finance to the Liberia water and sewer corporation.
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Date
2016-08
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KNUST
Abstract
The sources of finance utilized by the Liberia Water and Sewer Corporation were explored in this study. The study employed a single case study approach where the Managing Director served as the sole participant for the study. Through a structured interview guide, the study was able to ascertain both the internal and external sources of finance available to the Corporation as well as the challenges encountered in assessing finance for the Corporation. According to the findings of the study, the internal sources of finance utilized by the Liberia Water and Sewer Corporation included connection charges and tariffs. On the other hand, external sources of finance utilized by the
Corporation included subsidy, donations, grants and loans from International Donor Agencies. The challenges encountered in accessing internally generated funds include water theft, inadequate metering and billing as well as leakages and delay in the payment of bills. However, the challenges encountered in accessing funds from external sources included donor conditionality and bureaucracy. The study further found that, as a result of these challenges, the Corporation is unable to expand its services to new customers. The study therefore recommended that, since illegal activities is a prominent challenge to generating internal funds for the Corporation, there is the need to set up a team solely responsible for monitoring illegal connections and executing various forms of punishment to perpetrators in order to serve as a deterrent to others. The study also recommended for effective partnerships with International donors and also good management of funds received from such donors.
Description
A Thesis In Partial Fulfillment Of The Requirements For The Award Of Master Of Business Administration Degree In Finance.