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The Ho Municipal Assembly in the Volta Region has successfully mobilized GH₵780,972.11, representing 52.02% of its Internally Generated Funds (IGF) target for the third quarter of 2024.
This amount was raised from a projected target of GH₵1.5 million, demonstrating a notable improvement in the Assembly’s revenue collection efforts.
Mr. Divine R.K. Bosson, the Municipal Chief Executive (MCE) of Ho, announced this during the First Session of the Third Ordinary General Assembly Meeting of the 9th Assembly on Wednesday, November 27, 2024.
He acknowledged the significant strides made in revenue mobilization, especially after a slow start earlier in the year.
“We started the year on a slow note, regarding the much-needed revenue mobilization. I was justifiably concerned about the unimpressive collections in the first and second quarters,” Mr. Bosson stated.
“However, we have put our acts together, and the results of our painstaking efforts are now evident.”
The MCE attributed the improvement to the dedication and collective efforts of the Assembly’s staff and stakeholders. He emphasized that the third-quarter performance serves as a testament to what can be achieved through focused and coordinated action.
Mr. Bosson revealed that property rate bills were dispatched, and the expected revenues had already begun flowing into the Assembly’s accounts.
He expressed optimism that by the end of the year, the Assembly would harness a substantial portion of the projected revenue, which would be instrumental in advancing local development initiatives.
“It is my expectation that by the close of the year, we will have mobilized a significant amount from property rates to support our developmental agenda,” he added.
The MCE urged Assembly members to maintain the momentum and work diligently to ensure a strong finish to the year. He underscored the importance of sustained commitment to revenue mobilization, noting that it was crucial for funding essential projects and services in the municipality.
The funds mobilized will be critical in supporting various developmental projects within the municipality, including infrastructure upgrades, social services, and community development programmes.
The improved revenue performance is expected to bolster the Assembly’s capacity to deliver on its mandate and enhance the quality of life for residents.
Source: GNA
