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TMA records 126% property rate collection

botchway August 8, 2018

 

The MCE indicated that the TMA’s Internally Generated Funds (IGF) continued to dominate the Assembly’s revenue structure, as its overall output in 2017 was GH¢28.1 million, representing 95 per cent of the budgeted GH¢29.7 million for the period.

He stated that the Government of Ghana (GoG) grants and other transfers added a little over GH¢19 million to the actual revenue collected.  

The TMA was able to collect a little over GH¢47 million out of the projected figure of GH¢64.8 million for the 2017 fiscal year, while it incurred an expenditure of 67 per cent of the estimated figure.
“Our revenue and expenditure were within the approved budget, besides, the prudent management of scarce resources under my able leadership yielded positive results,” he said.

He noted that his outfit was developing more effective ways of mobilising revenue to meet the increasing demand for services in the Metropolis, as it would be impossible to develop the area to modern standards without strong and consistent revenue flows.
Mr Anang-La announced that to increase its IGF this year, the TMA would organise town hall meetings at all the electoral areas on its Public Financial Management.

He added that there would be an introduction of a special task-force to collect building permit fees from developers who had put up structures without the requisite permits.

The MCE, therefore, appealed to the assembly members to educate and sensitise their electorates on the exercise and the need to obtain development permits before putting up structures.

Source: GNA

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