Overview of Financial Performance in Adaklu District
Mr. Jerry Yao Ameko, the Adaklu District Chief Executive, delivered a detailed sessional address during the Second Session of the Fourth Adaklu District Assembly meeting held at Adaklu Waya on August 9. In his speech, he highlighted the financial efforts made by the Assembly during the first half of 2025 to mobilize and manage resources effectively for local development.
The Assembly had initially budgeted GHC505,000 as an Internally Generated Fund (IGF) for 2025. However, by the end of June 2025, only GHC184,924.83 was collected, which represents 36.62 per cent of the target. This figure marks a decline compared to previous years, where the Assembly managed to collect 43.07 per cent of its target for Fees and just 6.89 per cent for Licences by mid-year.
Revenue Breakdown and Key Performances
Mr. Ameko, who also serves as the Dean of Volta Region MDCEs, pointed out that the highest performing revenue item was Investment Income, which exceeded its target by 196.05 per cent due to improved financial returns. On the other hand, several key revenue streams underperformed, including Property Rates, Licenses, and Fines, which collectively recorded less than 10 percent performance.
The total revenue expected from all sources for 2025 was GHC9.9 million, with actual inflows reaching GHC3.08 million by the end of June, representing 30.91 per cent of the target. The major source of revenue came from Government of Ghana Compensation, which contributed GHC2.78 million, or 79.02 per cent of the target. Other sources such as the District Assemblies Common Fund had yet to record significant inflows by the end of June.
Expenditure Analysis and Challenges
The Assembly had budgeted GHC10.17 million as total expenditures for the year, with GHC3.51 million, or 34.54 per cent, being expended by the middle of the year. The largest share of this expenditure went towards compensation, amounting to GHC2.81 million, or 77.68 per cent of the allocated funds. Goods and Services accounted for GHC63,325.95 million, representing 18.40 per cent, while Assets expenditure stood at GHC340,000, or 7.43 per cent, indicating limited capital investment so far.
Mr. Ameko noted that the overall revenue and expenditure performance for the first half of the year lagged behind that of 2023 and 2024. Despite increases in budgets across all categories, execution rates, especially on capital projects and IGF mobilization, remained modest.
Areas for Improvement and Future Plans
The DCE emphasized the urgent need for the Assembly to improve its IGF mobilization, particularly in areas such as property rates and licenses. He also mentioned that the Assembly intended to consider strategies to enhance asset investment and service delivery in the second half of the year.
However, the delayed release of statutory funds posed a setback to project implementation. Mr. Ameko called on Assembly members to educate and mobilize their communities to generate more revenue for the Assembly. This effort would enable the Assembly to undertake its planned development projects effectively.
Conclusion
The financial performance of the Adaklu District Assembly in the first half of 2025 reflects both achievements and challenges. While there were notable successes in certain revenue streams, the overall figures indicate a need for strategic improvements in resource mobilization and expenditure management. With focused efforts and community engagement, the Assembly aims to strengthen its financial position and drive sustainable development in the district.