Governance

KMA records GHs 261,262,366.19 revenue from 2016-2020

The total revenue of Kumasi Metropolitan Assembly (KMA) from 2016 to July 2020 has been recorded as Two hundred and sixty-one million, two hundred and sixty-two thousand, three hundred and sixty Ghana cedis, Nineteen Ghana Pesewas (GHs 261,262,366.19).

In terms of internally generated fund (IGF), an amount of One hundred and Twenthy-Three Million, Six hundred and fifty-nine Thousand, Nine hundred and sixty-two Ghana cedis, Thirty-nine Ghana Pesewas (GHs 123,659,963.39) was collected for the same period all under the able administration of Kumasi Mayor Hon Osei Assibey Antwi.

Intergovernmental transfers and compensation from established posts also amounted to fifty-nine four million, seven hundred and sixty-six thousand, seven hundred and one Ghana cedis, sixty-eight Ghana Pesewas (GHs 54,766,701.68) whiles donor support amounted to Eighty-two million, eight hundred and thirty-five thousand, seven hundred and one Ghana cedis, twelve Ghana Pesewas (GHs 82,835,701.12).

These were disclosed by the KMA Boss in his sessional address at the 1st ordinary meeting of the 1st session of 8th KMA held on Thursday.

Amount on total expenditure from 2016 to JULY, 2020 was Two Hundred and Sixty-Five Million, Four Hundred and Five Thousand and Sixteen Ghana Cedis (GHC 265,405,016.00).

“This is made up of Seventy-Seven Million, One Hundred and Forty-three Thousand, Four Hundred and Sixty-three Ghana Cedis, Ninety-seven Ghana Pesewas (GHC77,143,463.97) as compensation for employees, Eighty-four Million, Two Hundred and Sixty-eight Thousand, Three Hundred and Thirty Ghana Cedis, Ninety-seven Ghana Pesewas (GHC84,268,330.97) for goods and services and One Hundred and Three Million, Nine Hundred and Ninety-three Thousand, Two Hundred and Twenty-one Ghana Cedis, Six Ghana Pesewas (GHC103,993,221.06) for Assets. ”

Source; www.leakynews.net

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