Wa Municipal Assembly in the Upper West Region has failed to meet its revenue target of GHC977, 092 and instead generated GHC601, 058.20 as its Internally Generated Funds (IGF) representing 70.45%.
The assembly has recorded a decrease in the percentage of IGF generated as compared to the same period last year which stood at 73.5%.
Records from the Medium Term Expenditure Frame Work of the assembly for 2018-2021 shows that the assembly received a total of GHC4, 003,298.87 out of the GHC13, 027,731.38 budgeted for the year, representing 30.7%.
The records also revealed that the assembly as at September 2017 spent a sum of GHC4,502,032.30 out of a total of GHC9,486,589.38 representing 50.27% budgeted for the year.
Out of the GHC4, 502,032.30 spent, assets (CAPEX) cost the assembly GHC2, 287,316.72. Compensation for employees also cost the assembly GHC1, 872, 510.56 whilst Goods and Services had the lowest share of the expenditure which stood at GHC342, 205. 10.
The assembly attributed the shortfall in the IGF target to an ongoing Property Valuation Exercise which has virtually brought property rates to a standstill.
The assembly said efforts are being made to encourage revenue collectors to be more steadfast and firm in their revenue collection drive in order to improve upon the situation.
By: Radio Progress