On December 6, 2023, Mustapha Ayornu, the Regional Controller, and Mr. Isaac Hammond, Regional Accountant from the Accountant General Department (CAGD), visited the Lower Manya Krobo Municipal Assembly to discuss the safeguarding of public accounts. The key issues addressed included:
- Receipt of Public Funds
- Custody of Public Funds
- Disbursements of Public Funds
- Accounting of Public Funds
Furthermore, the director delved into the two types of accounting, namely cash accounting and accrual accounting. He recommended that the finance department continues to adopt accrual accounting to maintain an accurate account of the Municipal.
The discussion extended to the Government Integrated Financial Management System (GIFMIS) and its role in enhancing transparency and the smooth operation of financial matters, both internally and externally, with support from the Ghana Integrated Bank (GIB).
The Regional CAGD officer emphasized the potential for increased revenue through innovative plans, education, technology, and statistics. This approach not only addresses public concerns but also internal financial considerations.
In concluding the visit, gratitude was expressed to the Municipal Coordinating Director for the warm reception, accompanied by well-wishes for the Assembly’s success in their endeavors.
