Income Distribution

The database for the Ga South Municipal Assembly for 2010 did not compute any income on community basis for households in GCMA. However a household survey index conducted in 2000 revealed that on the average a typical household in the Municipality earned about GH¢40.00

Household Expenditure Pattern

Average expenditure was also said to be GH¢75.00 per month. Taking expenditure as a proxy, the average income per month for households could be estimated at GH¢75.00. There is however ample reasons to believe that the situation in GCMA could be better considering the fact that most people are in the informal sector employment.

Finance: Income and Expenditure

The table below reflects the performance of Ga Central Municipal Assembly in its quest to improve the living conditions of the people in the Municipality.

Table 1.18 Revenue and Expenditure for 2012 and 2013

Revenue

The table above shows the revenue performance for year 2012 and year 2013. The Assembly recorded a total receipt of GH¢947,709.69 for year 2012 and this represents 60.75% of the projected figure of GH¢1,560,036.00. The shortfall might be attributed to the low inflow of revenue from lands, rents and investment income.

The Assembly registered a shortfall in the collection of Internally Generated Funds (ie property rates and licenses).This is attributed to the fact that the Assembly was inaugurated on 29^thJuly2012 and Ga South Municipal Assembly had distributed most of the property rate bills to property owners and collected part of the funds. The IGF for 2012 stood at GH?947,709.69 which most of them came from fees, fines and licenses. Fee and Fines recorded 57.76% of the estimated target whilst Licenses recorded 93.52% of the projected figure as shown above.

In 2013, the Assembly recorded 64.75% (GH?2,756,852.58) of the total projected amount of GH?4,258,004.58. Government Grants constituted thebulk of the Assembly’s estimates for year 2013. The Rate collection performed badly. Only 23.46% of the rate estimated was collected. This might be due to the manual system of billing which the Assembly is resourcing the MIS unit to mechanised the billing process.

The Assembly intended to upgrade its two main markets (Anyaa and Chantan) to improve rate and toll collection.The Assembly is also putting in place strategies to check leakages in the rate collections; these include the Assembly’s daily announcement and public education on the importance of paying taxes for effective development of the Municipality. In-service training is planned for revenue collectors to upgrade their skills in effective quality customer services, book keeping, etc.

The logistic need of the revenue collectors is receiving serious attention to aid them perform satisfactorily.

Table 1.19: Summary of Grants for 2012-2013

Table 1.16 shows an amount of GH?722,903.81 was approved in 2012 and GH?874,080.81 in 2013 for the DACF, representing 60.98% of actual amount in 2012 and 73.74% in 2013. Partly releases to the DACF have hindered the effective implementation of projects by the Assembly.

Expenditure

Table 1.20: Expenditure Summary for 2012-2013

As indicated in table 1.14, for the 2012 fiscal year, total payments of GH¢ 1,560,036.00 was projected. It is interesting to note that actual expenditure was GH¢887,554.06. This shows that the Assembly’s expenditure for 2012 was 56.89% of what was projected.

The high expenditure incurred on maintenance and repairs for instance, was due mostly to the fact that the Assembly inherited old vehicle from GSMA and as a result needed serious maintenance to put them in good shape.

During the 2013 fiscal year, the Assembly recorded total payments of GH¢2,136,907.11 and this represents 50.19% of the projected figure of GH¢ 4,258,004.00. This time around all expenditures were kept within the budgetary allocation except for the other expenses that exceeded the provisional figure over 185%.

Financial Institution

There are only two financial institutions in the Municipality which offer financial services. These include the International Commercial Bank and the Beige Savings & Loans Company.However, proximity to other districts gives the residents the opportunity access the financial services from the underlisted institutions:

• National Investment bank
• Barclays bank
• UBA bank
• Ghana Commercial bank