Effect of Financial Controls on Cash Management in Yunyoo-nasuan District Assembly in Ghana

Abstract

ABSTRACT The main purpose of this research was to examine the effect of financial controls on cash management in the Yunyoo-Nasuan District Assembly. The study specifically examined the financial control activities and cash management practices and assessed the effect of control activities on cash management. An explanatory research design research and a quantitative research approach were employed in undertaking the study. The population was the total number of staff (100) at Yunyoo-Nasuan District Assembly out of which a sample of eighty (80) staff were selected using the simple random sampling technique. A self-administered questionnaire was used in soliciting the views of the staff on the stated objectives of the study. The analyses were done using SPSS version 25 and presented using descriptive and multiple regression. The study found that the Yunyoo-Nasuan District Assembly has effective financial controls and this led to efficient cash management practices. Finally, the study discovered that changes in financial controls accounted for a substantial positive variance in cash management. The study therefore recommended that the District Assembly maintain the right calibre of personnel, keep effective and improved financial controls and also monitor all issues that affect financial controls as that has the tendency of affecting cash management.