TMA records 126% property rate collection

The Tema Metropolitan Assembly (TMA) recorded a 126 per cent property rate collection over the estimated GH¢10.8 million, for 2017.

Mr Felix Mensah Nii Anang-La, Tema Metropolitan Chief Executive said his outfit collected GH¢13,6 million over the estimated amount for the 2017 fiscal year.

Mr Anang-La disclosed this in a sessional address during the TMA’s First Ordinary Meeting of the Third Session of the Seventh Assembly.

He stated that while the property rate’s year-on-year collection showed a huge potential, more energy must be channeled into mobilizing revenue from licenses.

He added that “the share of fees and fines for our budget performance still needs to be boosted to reach its maximum performance”.

The MCE indicated that 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 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 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 mobilizing 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 organize 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 Assembly Members to educate and sensitize their electorates on the exercise and the need to obtain development permit before putting up structures.

Source: GNA

Leave A Reply

Your email address will not be published.