By Emmanuel Nyatsikor
Adaklu Waya (V/R), Aug. 9 GNA – Mr. Jerry Yao Ameko, Adaklu District Chief Executive Thursday stated that the Assembly has made significant financial efforts during the first half of 2025 to mobilize and manage resources effectively in support of local development.
He said the Assembly budgeted for GHC505,000 as an Internally Generated Fund (IGF) for 2025 but was able to collect GHC184,924.83 representing 36.62 per cent as at the of June 2025.
Mr. Ameko, who is also the Dean of Volta Region MDCEs stated this in his sessional address at the Second Session of the Fourth Adaklu District Assembly meeting at Adaklu Waya.
He noted that the highest performing revenue item was Investment Income, which he said achieved 196.05 per cent, exceeding its target due to improved financial returns.
The DCE said the highest underperforming items included Property Rates, Licenses, and Fines, which recorded a total of less than 10 percent performance.
He intimated that compared to previous years, IGF performance has declined with the Assembly collecting 43.07 per cent of its target for Fees and only 6.89 per cent for Licences by mid-year.
Mr. Ameko disclosed that the total revenue expected from all sources for 2025 was GHC9.9 million with actual inflows by the end of June as GHC3.08 million representing 30.91 per cent of the target.
He continued that the major source of revenue for the Assembly was Government of Ghana Compensation which contributed GHC2.78 million representing 79.02 per cent of the target.
Mr. Ameko said other sources like the District Assemblies Common Fund were yet to record significant inflows as at the end of June.
He stated that the Assembly budgeted GHC10.17 million as total expenditures for the year adding that GHC3.51 million representing 34.54 per cent was expended at the middle of the year.
The DCE noted that the amount spent on compensation accounted for the largest share with GHC2.81 million representing 77.68 per cent performance.
He said Goods and Services accounted for 3GHC63,325.95 million Ghana representing 18.40 per cent whilst Assets expenditure stood at GHC340,000 representing 7.43 per cent indicating limited capital investment execution so far.
Mr. Ameko intimated that the overall revenue and expenditure performance for the first half of the year trails that of 2023 and 2024 saying “despite budget increases across all categories, execution rates, especially on capital projects and IGF mobilization remain modest.”
He noted that there was an urgent need for the Assembly to improve on its IGF mobilization, particularly on property rates and licenses.
Mr. Ameko said the Assembly intended to consider strategies to enhance asset investment and service delivery in the second half of the year.
He noted that the delayed release of statutory funds was a setback to project implementation of the Assembly.
Mr. Ameko called on Assembly members to educate and mobilize their communities to generate more revenue for the Assembly to enable it to undertake its planned development projects.
GNA
Edited by Maxwell Awumah/Kenneth Odeng Adade