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eBook details

• Title: Budgeting as a tool for enhancing financial management in local government authorities
• Author : Dr. David Ackah
• Release Date : January 19, 2014
• Genre: Management & Leadership,Books,Business & Personal Finance,
• Pages : * pages
• Size : 1732 KB

Description

Scientific Essay from the year 2014 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: MMDAs as development partners to the central government need to mobilize enough revenue locally to support the central government development agenda. Inadequate financial resources can undermine the effective implementation of developmental projects in MMDAs. Budgets are important as they prudently manage scarce financial resources and at the same time serve as a means of expenditure authorization, control and evaluation base. MMDAs in Ghana, prepare budgets but deal with it in lesser extent, unlike the profit-making organizations which consider budget and budgetary controls important element in their policies. It is against this background that this study was carried out to find ways by which MMDAS especially AEDA can use budgeting and budgetary controls as management tools to prudently enhance their financial management system for local development. The case study approach was used in the study. Interviews and questionnaires were used to solicit data for the study. The research found out among other things that MMDAs prepare budgets and control the budgets. The research data evidently prove that in the case of Ada East District Assembly, this is true. However, poor budget formulation and implementation and low revenue generation base make it difficult for MMDAs to live up to their responsibility as partners to the central government in national development. Recommendations and suggestions have accordingly been made to improve upon budgeting and budgetary controls in MMDAs and the nation as a whole.


Dr. David Ackah was born in the Western part of Ghana, precisely Egyambra in the Ahanta West District. He had his basic and secondary education from Egyambra Basic Education, and Esiama Secondary School. He then obtains Diploma in Economics and Business Management from Colorado Technical University, and Community College of Southern Nevada. Dr. David Ackah again continues his education to University College of Management Studies - UCOMS to read BSc Accounting, as life goes on, he had an admission to study at Atlantic International University at Hawaii precisely Honolulu in USA and Colorado Technical University to read Master of Science (MSc) and Master of Philosophy (M.Phil.) in Economics, with his hard working, he had 3.98 GPA score after his Master of Science in Economics, with this, he again obtain an admssion with automatic enrolment to study Doctor of Philosophy in Economics. Dr. Ackah also studies other professional course from the following institutions: Managing and Marketing Sales Association (MAMSA in Cherish England), Standard Diploma in Sales Management, Institute of Commercial Management (ICM in UK), Diploma in Marketing, and Institute of Export and Shipping Management (IESM in Ghana) Diploma in Marketing & Salesmanship Dr. Ackah has work with many companies like Tobinco Pharmaceutical Ltd as Marketing Manager in Takoradi, Nutraculture Indian Pharma as Country Manager in Ghana, and Pharmanova Ltd as a Regional Marketing Manager and Teaches in many Colleges, and Secondary schools. Currently He is a Lecturer in Kwame Nkruma University of Science and Technology, Institute of Distance Learning - KNUST and CEO of Regaro Group of Companies

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