weeks 8&9.pdf - CORPORATE FINANCE P GHANA TECHNOLOGY UNIVERSITY(ACCRA CAMPUS PUBLIC SECTOR ACCOUNTING LECTURE 8\u2013 LOCAL GOVERNMENT ACCOUNTING Paul

weeks 8&9.pdf - CORPORATE FINANCE P GHANA TECHNOLOGY...

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1 Paul kwame awuah 1 GHANA TECHNOLOGY UNIVERSITY (ACCRA CAMPUS) PUBLIC SECTOR ACCOUNTING LECTURE 8 LOCAL GOVERNMENT ACCOUNTING CORPORATE FINANCE P[
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LOCAL GOVERNMENT ACCOUNTING Learning Objectives; Understand the local government system in Ghana Understand the accounting system practiced in the DAs. state the sources of revenues to district assemblies Identify the major expenditure normally incurred by District assembly. Prepare financial statements for district assemblies
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LOCAL GOVERNMENT ACCOUNTING Local government refers to all sub-national levels of government that have a political representation. It includes the DAs and lower levels of government. It is local representation of central government. It is that part of the administration of a country that deals with matters as concerned with the inhabitants of a particular locality.
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BRIEF HISTORY OF THE LOCAL GOVERNMENT IN GHANA The Municipal Ordinance of 1859 established municipalities in the coastal towns of the Gold Coast. In 1943, a new Ordinance established elected councils for Accra, Kumasi, Sekondi-Takoradi and Cape Coast. In 1953, the Municipal Councils Ordinance was passed. In 1961, the Local Government Act, Act 54 was passed. In 1988, the PNDC Law 203 was enacted to give backing to the government’s decentralization programme which aim at reforming the local government. In 1992, the 1992 Constitution was passed with a provision defining the decentralization and local government system in Ghana. In 1993, the Local Government Act, Act 462 was passed to deepen the local government system.
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REGIONAL COORDINATING COUNCIL (RCC) The RCC is the apex organization at the local level established for each ten region of Ghana. It is responsible for regional security, coordinating, monitoring and evaluation of all government affairs. RCC consists of the 1. Regional minister as chairman and their deputies, 2. MCEs/DCEs, 3. Presiding Members of all DAs, 4.
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  • Spring '20
  • Dr. ASRAVOR

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