Benefits and challenges of integrated financial management information system (Case study G.E.S Obuasi municipal)

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August, 2015
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This study sought to assess the benefits and challenges of Integrated Financial Management Information System (GIFMIS) using the Ghana Education Service (GES) in the Obuasi municipality as a case study. The study examines five objectives of GIFMIS: effectiveness and efficiency in revenue collection, efficiency, accountability and transparency in financial management, timely dissemination of information, maximising payment and commitment control and the challenges associated with the use of GIFMIS in financial management. The study used descriptive research design for collecting the data. The sample for the study was 100 employees from the target population of education service of Obuasi Municipal. The sample was drawn from the sections of accounts, management and includes, budgeting, accounting, procurement, internal audits, stores where GIFMIS system applied. The primary source of data was used, questionnaires both closed and open-ended and qualitative data collection technique for the study. The results showed that even though the GIFMIS plays a complex role in ensuring efficiency, accountability and transparency in financial management of the education service of Ghana, there are challenges hindering the smooth operations of the system including: lack of enough resources and personnel, frequent power cuts, resistance to change by some staff, lack of skills in IT, and the fact that the programme does not cover all the departments of the service.
A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the degree of Master of Business Administration (Finance Option),