The effect of internal control mechanisms on revenue mobilisation of the mmdas in ghana

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This study investigates the effect of Internal Control Mechanisms (icms) on revenue mobilization within the Metropolitan, Municipal, and District Assemblies (mmdas) of Ghana. Unlike previous research, this study examines the effectiveness of icms across different categories of mmdas, offering a comprehensive understanding of their influence on revenue mobilization. Employing a mixed-methods approach, the research encompassed all mmdas across Ghana's sixteen regions, targeting key revenue mobilization departments' employees. The study utilized various non-probabilistic sampling techniques to ensure a representative sample. The study found a strong positive relationship between the effectiveness of icms and revenue mobilization among mmdas. It was also established that though respondents perceived District Assemblies to have more effective mechanisms, the overall sentiment was neutral, indicating a lack of clear opinions. Statistically, there were no significant mean differences between the various categories of mmdas. The study concludes that reinforcing and ensuring the effectiveness of ICM components are pivotal for mmdas to efficiently mobilize revenue for developmental activities. The study's implications emphasize the imperative of implementing robust internal control mechanisms across mmdas, encompassing control environment, risk assessment, control activities, information and communication systems, and control monitoring. These mechanisms are instrumental in facilitating efficient revenue mobilization. The study recommends that mmdas invest in strengthening these areas through capacity building, training programs, and regular system evaluation. And should as well foster knowledge sharing and collaboration to collectively enhance revenue mobilization mechanisms.
A thesis submitted to the department of accounting and finance, Kwame Nkrumah university of science and technology in partial fulfilment of the requirements for the award of msc. Finance