Assessment of the implementation of integrated financial management information system on financial accountability among municipal and district assemblies in the volta region of Ghana

Abstract

The appalling financial management systems across all public organizations are the major setbacks influencing the economy. Ghana Integrated Financial Management Information System (GIFMIS) is an information system that monitors and summarizes financial information on financial transactions. This study sought to assess the implementation of GIFMIS on government financial operations in relation to the management of public funds in MMDAs and the vital role it plays on financial accountability. The study adopted a quantitative approach, descriptive survey design and employed a regression analysis to determine the impact of GIFMIS on accountability. The findings from the study of a sample size of 316 indicated that, there is a negative relationship between implementation process and accountability. The study further revealed that, there is a significant positive relationship between implementation structures and accountability as well as a positive significant relationship between factors influencing GIFMIS implementation and accountability. With reference to the findings, the study draws the following implications, that are useful to government and other stakeholders involve. To the Controller and Accountant, trainings should be organised for the users of the system especially on the chart of accounts so that it can be more user friendly. To the development partners, they should intensify their supervisory role and funding should made available to improve structures especially the network connectivity and the backup power. To the district assemblies, Factors Influencing GIFMIS: good organisational structure, organisational Values Political Support should be improved and strictly adhered to