Abstract:
The study aims to assess the financial management practices of Ghana Health
Service. The specific objectives were to evaluate the effect of budgeting on
healthcare delivery, to identify the effect of financial accountability on
healthcare delivery and also determine the effect of financial controls on
healthcare delivery. The study adopted the survey design. A sample size of 69
out of the population of 223 staff in Akim Oda Government Hospital was
used. The instrument used for data collection was a self-administered
questionnaire. The statistical technique used to analyse the objective was
regression technique. The study found that budgets are consistent with the
dictates of the accounting and financial management principles in Oda
Government Hospital. The study also observed that financial accountability is
fairly high in the Oda Government Hospital. The study indicated that overall,
financial control is high in the financial management practice of the hospital.
It is however recommended that the management of the Oda Government
Hospital draws up a plan to monitor the work progress and performance of all
staff of the hospital and reduce the period for evaluation to half of the present
period. The Hospital management should draw up a plan to review their
financial management practices from time to time to meet international
standards and also, management of the Oda Government Hospital should work
to maintain and improve their financial control in order to meet the strength of
the budgetary practices and financial accountability.
