Tema, Jan. 28, GNA – The Tema Municipal Assembly (TMA) has made a provision of 44.6 billion cedis, representing about 74 percent of the assembly’s total budget for investment, Mrs Afia Tagoe, Municipal Budget Officer has disclosed.
She said 17.2 billion cedis of this amount would come from the assembly’s own traditional sources of revenue, while the remaining 27.4 billion cedis was expected to come from Common Fund and donors. Mrs Tagoe, who was speaking to the Ghana News Agency on TMA’s 2004 Medium Term Expenditure Framework (MTEF) on investment, said the assembly had made a provision of 600 million cedis from the Common Fund to support economic activities.
She said the investment activities had been grouped into five thematic areas. These are micro/municipal/economic 4.7 billion cedis; production and gainful employment and basic rate, 565 million cedis; human resource development and basic service, 20.8 billion cedis; special programme for the vulnerable, one billion cedis and good governance, 13.5 billion cedis.
Mrs Tagoe said 3.2 billion cedis had been budgeted for various service activities to be undertaken this year.
The service activities expenses would ensure safe, clean and healthy environment in the municipality, strengthen the decentralisation process through institutional capacity building and promote the provision of socio-economic infrastructure in the municipality. TMA hopes to raise a total revenue of 60.3 billion cedis of which 36 billion cedis is expected from government grants in the form of Common Fund, salaries, DANIDA and HIPC.
The remaining 24.4 billion cedis would come from the assembly’s own traditional sources of revenue which are based on fee-fixing resolution.
Source: GhanaWeb
