Tema: The Tema West Municipal Assembly has set a revenue target of GHC 38,921,329.78 for the 2025 fiscal year, Mr Ludwig Teye Totimeh, the Tema West Municipal Chief Executive (MCE), announced in Tema.
According to Ghana News Agency, as of the end of the first quarter, the assembly had mobilized 20.9 percent of this target, with Internally Generated Funds (IGF) contributing GHC 5,552,540.28, which represents 14.3 percent of the total projected revenue. Mr. Totimeh noted that this reflects a 10.7 percent shortfall against the quarterly projection, but assured that they are proactively addressing the gap through targeted strategies.
In the 2024 fiscal year, the assembly achieved 87.3 percent of its revenue target, which stood at approximately GHC 37 million. A significant portion of this achievement was attributed to IGF collections, amounting to GHC 18,810,679.44. The assembly is implementing a range of interventions, including improving the accuracy of revenue data through enhanced data-gathering mechanisms and establishing additional payment points in peripheral areas of the municipality to increase convenience for taxpayers.
There will also be an intensification of public education and sensitization campaigns aimed at fostering compliance and community participation to enhance revenue mobilization in the current year. The MCE emphasized that these strategic initiatives are designed not only to meet the assembly's financial goals but also to promote greater transparency and improve service delivery across the municipality.
Mr. Totimeh called on residents to support the assembly's efforts, particularly in complying with property rate obligations and other local tax responsibilities. He reaffirmed the assembly's commitment to channeling collected revenues into impactful development projects that would address the pressing needs of the municipality.
