Author(s)

Godfred Asante^1,2*, Benzier Isaac Adu Okoore³, Eric Amankwaa⁴, Doris Fiassergbor¹, Richard Nimako⁴, Alex Andrew James⁵

Affiliation(s)

¹Presbyterian University, Abetifi-Kwahu, Ghana.

²Faculty of Development Studies, Eudoxia Research university, New Castle, USA.

³Faculty of Development Studies,  Akropong Campus, Presbyterian University, Ghana.

⁴Okwahu Campus, Presbyterian University, Ghana.

⁵School of Continuing Studies, Georgetown University, Washington, USA.

Corresponding Author

Godfred Asante

ABSTRACT

The disbursement of the Common Fund in kwahu West Municipal Assembly in the Eastern Region of Ghana is guided by the District Common Fund (DACF). The DACF is a fund allocated by the government to support the development of metropolitan, municipal, and district Assemblies.

The Kwahu West Municipal Assembly receives a portion of the DACF, which is used to finance development projects in the Municipality.

The Assembly medium - term development plan outlines the priorities for the use of the Common Fund, including infrastructure development, education, and health.

The disbursement of the Common Fund is typically done on a quarterly basis, and the Assembly is required to submit reports on the use of the funds.

The reports are reviewed by the Ministry of Local Government and Rural Development to ensure that the funds are being used for the intended purposes.

KEYWORDS

Allocation of funds; Priority setting; Quarterly disbursement; Reporting and monitoring

CITE THIS PAPER

Godfred Asante, Benzier Isaac Adu Okoore, Eric Amankwaa, Doris Fiassergbor, Richard Nimako, Alex Andrew James. Journal of Trends in Financial and Economics. 2025, 2(1): 14-19. DOI: https://doi.org/10.61784/jtfe3027.

REFERENCES

[1] Annual Report on the Utilization of the District Assemblies Common Fund for the year 2020. Kwahu West Municipal Assembly. 2020.

[2] The Kwahu West Municipal Assembly's Annual Action plans, such as the 2022 and 2023 plans, outline the municipality's development priorities and budget allocations. Municipal Planning Documents. 2023.

[3] The NDPC's reports on the Kwahu West Municipality provide information on the municipality's composition, electoral areas, and membership. National Development Planning Commission (NDPC) Reports. 2023.

[4] The Ghana Statistical Services data on the Kwahu West Municipality provides demographic information and statistics on the municipality's population. Ghana Statistical Services Data. 2023.