ASSESSING FINANCIAL MANAGEMENT PRACTICES OF PUBLIC INSTITUTIONS IN KUMASI METROPOLIS

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.