The Ho Municipal Assembly in the Volta Region has reported a less-than-expected performance in the mobilisation of Internally Generated Funds (IGF) for the first half of 2024.
Mr Divine RK Bosson, the Municipal Chief Executive (MCE), revealed that the Assembly had collected GHC 2,055,838.67 as at June, representing 62.71 per cent of the projected GHC 3,278,211.04 for the period.
Mr Bosson made the disclosure during the Second Ordinary General Assembly meeting of the Ninth Assembly.
He expressed concern over the shortfall, noting that this year’s performance was significantly lower than the Assembly’s achievements in the previous year.
“Our performance in terms of IGF mobilisation for the period under review has not met our expectations. This year’s performance is a far cry from what we achieved last year,” he said.
He said as of the end of August 2024, the Assembly continued to experience stagnation in its revenue mobilisation efforts.
Out of a projected budget of GHC 4,370,948.05, the Assembly had only generated GHC 2,581,516.82, representing a modest performance of 59.01 percent.
Mr Bosson acknowledged the challenges faced in mobilising IGF and emphasised the need for immediate action to rectify the situation.
“The performance will be thoroughly interrogated, and we will find lasting solutions to ensure we meet our targets.
Everyone must sit up and take responsibility to recover the lost revenue grounds,” he added.
Regarding property rate collection, Mr Bosson noted that since the assembly took control after the revocation of a previous contract, they had not fully capitalised on the opportunity.
He expressed disappointment in the performance so far, indicating that it had been below expectations.
“While some bills have been distributed, and necessary follow-ups are being made, many bills are still pending in our offices, waiting to be dispatched,” the MCE pointed out.
He called on the assembly to streamline its processes and ensure timely collection of property rates to boost its revenue.
Mr Bosson urged the assembly to focus on improving its revenue mobilisation strategies, particularly through innovative approaches to property rate collection and other revenue-generating activities.
He emphasised that the financial health of the assembly was crucial for the effective delivery of developmental projects and services to the people of Ho.
The MCE also highlighted the importance of collaboration between the assembly members and municipal staff, stressing that every effort must be made to enhance its financial standing for the remainder of the year.
As the assembly moves into the second half of 2024, efforts are expected to be intensified to bridge the gap between the projected and actual revenue figures, ensuring that the Ho Municipal Assembly meets its financial obligations and development goals.
