Abstract:
The study is to examine the effectiveness of financial management practices of public
institutions in Kumasi Metropolis, the study use a sample size of One hundred and
Seven (107) respondents. The study uses descriptive statistics and questionnaire for
data analysis
Also, the study finds out the major challenges that confront the financial management
practices of public institutions in Kumasi Metropolis. The study analyses the data
using SPSS version 20.0. The study reveals that the major challenges of financial
management practices in the Kumasi Metropolis institutions are lack of trained
personnel, lack of understanding of financial management practices, inadequate
financial support, insufficient facilities and weak financial management framework.
