The Shai-Osudoku District Assembly (SODA) has denied media reports that the Assembly was facing financial crises and therefore could not complete developmental projects.

Mr Kofi Boateng-Acheampong, Coordinating Director of Shai-Osudoku District Assembly, reacting to media reports on the financial state of the Assembly, said “it is not true that we are in financial crises”.

Mr Boateng-Acheampong told the Ghana News Agency that his outfit actually exceeded its revenue collected by 20.16 per cent in the last quarter of 2016 as compared to what it accrued in 2015.

According to him, whereas SODA raked in a total of 2.0 million Ghana Cedis in 2015, it was able to collect 2.4 million Ghana Cedis in 2017 into its Internally Generated Fund (IGF).

The IGF, he explained, comprised of business operating licenses, fees from quarry sites, house rates and land rates among others.

He further stated that the Assembly collected a total IGF of 171,902.00, 211,275.00 and 286,410.00 in October, November and December 2016 respectively.

Mr Boateng-Acheampong stressed that looking at the performance of SODA’s IGF, it was unfair to say the Assembly was facing financial crises as that was not a true picture of the situation.

Touching on other sources of funding for the Assembly, he noted that apart from the IGF, the Assembly also received funding from foreign partners, District Development Fund (DACF), Grants and the District Assembly Common Fund.

He explained that the other sources of funding were mostly channeled to specific developmental projects in the District.

According to him, 56 projects were started with funding from the DACF in 2016, out of which about 35 were completed and the remaining were in various levels of completion.

The projects yet to be completed include; eight different classroom blocks in various communities, teachers’ quarters, staff bungalows and CHPS compounds.

He noted that the Assembly was yet to complete the remaining projects due to the delay in the release of the 2016 last quarter DACF which was the source of funding for the projects.

The SODA Coordinating Director said even though the Assembly had enough funds under its IGF, it could not channel it to complete those projects because they were initiated under the DACF funding.
GNA/Newsghana.com.gh

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