Sources, Challenges and Sustainability of Internally Generated Fund at University of Education, Winneba

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JULY 2015
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Descriptive statistics was used to analyze the data. The study revealed that residential, academic user facility fees paid by regular students and fees by sandwich students had huge impact on the revenue generation of the university. There is no doubt that the above mentioned sources of internally generated fund are the core funds areas from which the university gets its reliable and biggest revenues. Also, it came to light from the study that most of the sources of Internally Generated Fund for the university can be sustainable by constant increase of enrolment and commercialization of departmental activities like printing/ publication section and clothing service department. It was concluded that in order for the university to increase revenue from its commercialized activities, the university can come out with new marketing strategies to attract the public to buy into its commercial and other revenue generation activities. The study recommended that management of universities should put in place effective measures that would ensure that those IGF sources that contribute huge amount of revenue on the activities of the universities (sale of farm products, sale of admission forms, residential and academic facilities user fees and sandwich fees) are improved upon and efficiently managed to ensure long-term sustainability.
A Thesis submitted to the School of Business, College of Arts and Social Sciences, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirement for the degree of Master of Business Administration (Accounting),