Disbursement and management of public funds in Mmdas: (A case study of the Offinso north district assembly)

Thumbnail Image
August , 2015
Journal Title
Journal ISSN
Volume Title
The purpose of the study was to assess the disbursement and management of public funds in the MMDAs. This study was based on the objectives which included identifying and examining the various sources of funding for development in the District, finding out the correlation and linkage between public funding and district development expenditures, analysing the extent to which managers of public funds are aware of the rules and regulations pertaining to the disbursement and management of public funds and examining the role of auditors in ensuring financial prudence. The research design adopted was explanatory research method and data used included both primary and secondary, with primary data collected by use of self-administered questionnaires. The study covered a sample of 200 respondents. Purposive sampling was used; questionnaires were used as the instrument for data collection. The findings revealed that there is a strong correlation between Development Expenditure and Public Funds and correlations were significant at 0.01. The study further revealed that public funds need to be properly managed in the District. The researcher recommended that, Management of the District Assembly should ensure that laid down procedures are followed to the latter and that in their locative functions, they should consider first, communal priority needs.
A thesis submitted to Department of Accounting and Finance Kwame Nkrumah University of Science and Technology School of Business in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance-Option) ,