by Seth Mawuena Adzadi

Institution: Kwame Nkrumah University of Science and Technology
Year: 2016
Posted: 02/05/2017
Record ID: 2109860
Full text PDF: http://dspace.knust.edu.gh:8080/jspui/handle/123456789/8531


There is enough reason to believe that the Nursing and Midwifery Council of Ghana (N&MC) has the potential capacity to sustain itself through Internally Generated Fund (IGF). The purpose of this study is to examine the various sources of funds available to the N&MC, and their distribution from 2009 to 2013. It also examines the extent to which IGF can support the entire operation of the N&MC. Annualized data relating to the sources of fund, annual expenditures and the turnouts of students from the nursing and midwifery training institutions from 2009 to 2013 were used. Statistical measures of averages, proportions, tables, Pie charts and graphs were applied to these data. Comparing the percentage contribution of each of the sources to total revenue, it was shown that IGF contributed the highest proportion of 87.55% to total income of the Council. The study further revealed that the rate of increase in IGF generation is higher than that of the rate of increase in expenditure. More so, turnout of students from nursing and midwifery institutions has been on the increase which provides bright prospect of increase in IGF in the future. In view of the present economic challenges, the need for adequate and reliable sources of fund in order for the Council to efficiently serve its stakeholders satisfactorily is not only necessary but urgent and also possible. On the basis of my findings, it is recommended that the N&MC seriously consider requesting the appropriate authorities for financial autonomy to fund her activities instead of depending on government subvention, since funds from GOG and DPF are inadequate and unreliable. Greater opportunities exist for growth in IGF generation and this study could apply to most other public sector organizations in this era of dwindling central government funding to institutions of this kind. A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Accounting Option) KNUST