Assessing Fund Management Practices Among Non-governmental Organisations in the Eastern Region of Ghana

Abstract

Funds management practices has become an integral part of public organizations of which non-governmental organizations are not in exception. This study assessed assess fund management practices among Non-Governmental Organisations in Eastern Region of Ghana. The study employed non experimental research design (Descriptive research design) with cross sectional survey method for data collection. Simple random sampling technique is used to select 40 managers of NGOs to respond to survey questionnaires. Data were analyzed using statistics package for social science version 23 (SPSS) by employing mean, standard deviation, one way analysis of variance (ANOVA) and multiple regression. Findings revealed that the most prominent fund management practices among the NGOs are fund utilization, financial reporting, monitoring, auditing and accounting and budgeting. Multiple regression results revealed that monitoring and fund disbursement have positive significant effect on NGOs performance. The study further established that, pressure due to limited funds with expanding demand of project and much difficulty in allocating funds to various activities due to inadequate funds was the main challenges of the NGOs in the eastern region. The study recommended that NGOs should be able to diversify sources of revenue in order to meet expanding demand of project and also to be able to allocate funds to various activities. It is again recommended that there should be proper diversification strategy to improve revenue collection and also introduce robust model to improve revenue generations.