Analysis of the Factors Impeding Efficient Financial Management Practices of District Assemblies in Ghana

Abstract

The Metropolitan, Municipal and District Assemblies (MMDA’s) are core drivers of the Ghanaian local government. There have been evidences of poor management of financial capital among District Assemblies in Ghana. The present study therefore seeks to investigate factors impeding efficient financial management practices of District Assemblies in Ghana. Keywords and phrases including, financial management practices, barriers, challenges, working capital, financial analysis, budgeting, accountability and District Assemblies in Ghana were employed to search relevant literature via google scholar, SCOPUS, NCBI, Science direct, Research gate and Pubmed. 20 out 55 articles searched for that met specified inclusion and exclusion criteria were selected. Predominant challenges identified were political interferences, inadequate ICT logistics and Inadequate staff and training in relevant financial expertise/reforms. The study recommends addressing these challenges to promote efficient financial management practices in District Assemblies in Ghana.