The Tema Metropolitan Assembly (TMA) has set up a taskforce to expand its revenue collection base as a measure to increase its Internally Generated Fund (IGF).
“It is expected that the Taskforce will ensure that each option of our revenue generation must serve a dual aim of making the Assembly financially sustainable and fostering a general culture of tax compliance among citizens, ”Mr Felix Mensah Nii Anang-La, Tema Metropolitan Chief Executive, stated.
Mr Anang-La announced this in a sessional address of TMA’s First Ordinary General Assembly Meeting of the Fourth Session of the Seventh Assembly.
He added that the Assembly tax money would be administered in a way that enhances citizens’ feelings of inclusion and ownership making them proud to honour their tax obligations.
He said it was obvious that IGF continued to be the Assembly’s best asset, since it was under the direct control of the local authorities and could therefore be managed in a way that strengthened the provision of public services.
“In view of that, we have decided to be cautious with reliance on inter-governmental transfers in order to be constrained in responding to vital capital-intensive local concerns.
Touching on his outfit’s financial performance for the year 2018, he noted that total receipts in terms of revenue stood at GHS 29,298,237.44 out of which IGF mobilization accounted for GHS 19,003,276.88 which constituted about 95 per cent of the estimated GHS 19,939,100.54.
According to him, 50 per cent of non-performing revenue items made up of licenses, rates, fines among others, improved drastically within the last quarter of 2018 due to the efforts of the Assembly’s Revenue Mobilization Taskforce.
The Assembly, he added, spent GHS 17,963,055.03 out of the projected GHS 56,292,089.12.
He announced that 80 per cent of all activities in the 2018 Annual Action Plan had been successfully implemented while the remaining ones had been rolled over to 2019 for implementation.
Mr Anang-La said 95 per cent of all decisions taken at the General Assembly meetings had been referred to the appropriate officers for implementation.