ABSTRACT Under the current democratic dispensation, Metropolitan, Municipal and District Assemblies (MMDAs) in Ghana are no longer there just to discharge administrative functions. They are deeply involved in collective participation of governance, encourage physical and economic development, create the conditions for job creation within their localities and provide social services that will improve the well-being of their people. But for MMDAs to perform these functions effectively and effic...
ABSTRACT Most nations in sub-Saharan Africa, including Ghana, have set out on various change programs including public financial management reforms for advancing effectiveness in the public sector but have been unsuccessful, with implementation being a major obstacle. The main objective of this study is to evaluate the implementation of GIFMIS in Ghana’s public financial management system and to examine the motivation(s) for its development and introduction. Data was gathered from a qualit...
ABSTRACT The real estate sector is one of the fastest growing sub-sectors in the Ghanaian economy. According to the Ghana Revenue Authority, rent income tax collected from this sector has not been encouraging. This study seeks to determine the factors affecting rent income tax compliance in Tarkwa Nsueam and Sefwi Wiawso Municipalities. The study used quantitative approach. Simple random sampling was used to select 278 property owners as the sample size. Data was collected using a structured...
ABSTRACT This paper provides empirical evidence regarding the perceived investigation into the benefits and challenges of international financial report standard adoption and implementation amongst small and medium enterprises in Kumasi metropolis. The Ghanaian financial reporting framework is keeping pace with the global development due to the globalization of the world’s economy and markets led companies and nations to become world global players. Thus, as a result, Ghana made prepa...
ABSTRACT Most nations in the world have modernized their accounting practices especially during the few decades of the 21st century. Such modernization encompasses the adoption and adaptation of local accounting practices and harmonizing it with that of the International Financial Reporting Standards (IFRS). Despite the significant decision by Ghana to adopt IFRS in the quest to increase harmonization and comparability of financial statements of companies in Ghana, as stakeholders in IFRS, ...
ABSTRACT Over the years, the business environments are increasingly becoming highly integrated and more complex due to a sudden rise to the numerous business functions and operations at the various work places. At the same time, the management function is undoubtedly faced with the challenge of keeping track of all the diverse organizational resources, numerous business activities, together with monitoring the entire business processes and the huge order-turnover processes. In light of the fo...
ABSTRACT The main aim of this study is to investigate the effectiveness and efficiency of tax management using the Ghana Revenue Authority Asokwa office as a study area. The study was descriptive in nature and employed the quantitative method in data collection and analysis. The study population was Two Hundred (200) made up of the staff and management members of Ghana Revenue Authority (GRA) at the Asokwa office in Kumasi. The researcher also adopted the stratified random sampling to select...
ABSTRACT Corporate governance, as an antidote to corruption, has received significant public and regulators attention in today‘s global world and the internal audit has been identified as the most effective control mechanism to ensure good corporate governance in the public sector. This study, therefore, investigated into the effectiveness of the internal audit units in the public sector in promoting good corporate governance. It reviewed history of internal audit, corporate governance, in...
ABSTRACT The purpose of the study was to investigate credit risk management and pricing strategies of Micro and Small Enterprises (MSEs), and their influence on the enterprises’ performance at Cape Coast Metropolis (CCM). The descriptive survey design was adopted for the study. A sample size of 179 was used for the study. The snowball sampling technique was used to select the 179 respondents who were made up of owners/managers and account/finance staff of the various MSEs in the metropolis...
ABSTRACT The performance and survival of any industry in a rapidly changing environment, among other factors, depends largely upon the internal control systems (ICS) put in place. Given the critical role that ICS play in every industry, the study sought to examine the effect of ICS on performance of companies in the Ghanaian insurance industry. The five variables of ICS developed by the Committee of Sponsoring Organisations (COSO) were used as independent variables whereas the dependent vari...
ABSTRACT The Auditor General of Ghana’s reports on the public accounts of Ghana takes a direction of consistently reporting of malpractices. The role of internal auditors in preventing these occurrences constantly comes into the spotlight. Other researchers found that internal auditors devoted less time to productive activities. The study therefore sought to evaluate the quality of internal audit in the quasi-public sector institutions in preventing mass financial malpractices. Specific at...
ABSTRACT The paper aims to examine the impact of credit risk on the profitability of credit unions in Ghana. The specific objectives are: to examine the methods of measuring credit risk, examine the factors that influence credit standards of credit union, examine the relationship between credit risk and profitability and to assess the credit risk management strategies adopted by credit unions in Ghana. The research design adopted by the study was a descriptive research design. A sample size o...
ABSTRACT With an upsurge of fraud in the current economic scenario experienced, fraud detection have received considerable attention from the investors, academic researchers, media, the financial community and regulators (Sharma & Panigrahi, 2012). This study therefore examines the factors that influence internal auditors‟ fraud detection capabilities in Ghana. To sample the respondents for the study, stratified random sampling technique was adopted and questionnaire was used to solicit in...
ABSTRACT The study was to examine the knowledge and utilization of e-banking facilities in Kaaseman Rural Bank in Ghana. The study used a quantitative and descriptive design of which customers and management of Kaaseman Rural Bank were targeted. Two hundred and eighty respondents were chosen with the aid of simple random sampling technique for selecting the customers while purposive sampling was used to select the managers of the four branches of Kaaseman Rural Bank. Questionnaire was the mai...
ABSTRACT This research examines the financial management practices in non-financial institution using Penfield School as a case study. The study was conducted using qualitative case study research design. The study adopted purposive sampling technique for the selection of interview respondents from Penfield School. 10 respondents were interviewed. These people were selected based on their level of knowledge and involvement in the financial management practices of Penfield School. Semi-st...